"The LNG industry is the fastest growing segment of the energy industry around the world".
Global oil is growing about 0,9 % per annum, global gas at 2%, while LNG has been growing at a comparatively soaring 4,5%.
The International Energy Agency projects the natural gas used to account for than 25% ot the world energy demand ( amounting ti a 50% increase) by 2035, making it the fastest growing primary energy source of the world. For LNG, a 9% share in the global gas supply was estimated for 2010; by 2030 it is projected to account for 15%.
The reason for thi strong increase an interest in LNG as a marine fuel is based on two main factors:
- The Marine Environmental Protection Committee part of International Maritime Organization (IMO) is introducing emission controls constraining the extent of exhaust gas emission. This is forcing the industry to rethink its fueling options.
- The availability of natural gas has increased due to large offshore discoveries and unconventional gas finds in the US ( Shale gas), creating lower prices on natural gas compared to conventional fuels.This creates a drive in the industry, as consumers are able to oobtain commercial saving against alternative fuels.