EnergyWatch

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.

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