It’s a big decade for LNG markets. On one hand, the global trade in LNG rebounded strongly in 2021 from the effects of the Covid pandemic. This year, demand and pricing for natural gas – and by extension LNG – are at all-time highs as a result of geopolitical conflict and resulting uncertainty in energy security.
On the other, LNG is expected to continue to be in demand as part of the energy transition through to 2030 and beyond, but it is the commodity’s very role or identity in this transition that requires resolution and clarity. In the context of green hydrogen, biofuels and other renewables, there is a question to be answered where LNG’s place in the energy mix will be. We might well ask, does LNG have an identity crisis to address this decade?
The market in 2022
