Report says covering LNG needs will cost over USD 400 billion

Growth in demand for liquefied natural gas is booming to the degree that massive sums are necessary to meet future needs, analyst firm McKinsey estimates in a new report.

LNG demand will create plenty of opportunity to fill up tanks over the next many years – like at this ExxonMobil storage facility in Papua New Guinea – as confirmed by a new McKinsey report. | Photo: David Gray/Reuters/Ritzau Scanpix

More than USD 400 billion will have to be invested in the entire LNG value chain to facilitate the rise in global demand after 2027-2028, analyst firm McKinsey assesses in a new report.

The cooled gas form is so popular that demand for it is slated to grow by an average of 3.6 percent per year during the period 2018-2035.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor says renewables still maturing

Like most other oil firms, Norway's Equinor aims to become greener. But the maturation of its renewable energy portfolio impacts the company in Q2, which sees a deficit of USD 31 in renewables.

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Further reading

Related articles

Trial banner

Latest News

See all jobs