Despite recent turbulence, the global business environment for LNG remains strong, and a continuous growth in demand is expected for years to come.
That’s the view of Khalid Sultan R. Al Kuwari, Chief Marketing & Shipping Officer of RasGas Company Limited, speaking at the CWC 16th World LNG Summit in Rome, Italy last week.
The annual summit brought together industry’s leading players to address the key issues facing the global energy sector.
Presenting his ‘Overview of the LNG Industry in the Year Past, the Present and the Future’ as a member of the Global Strategy Panel at the Summit, Al Kuwari said that a growth rate of approximately 5% per year from 2015 to 2025 is anticipated. During this period, LNG demand is expected to outpace the overall growth in natural gas demand, he explained.
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