In this short video looking at the global gas market, Massimo Di-Odoardo, Vice President, Global Gas and LNG Research, explains why China is set to become the world's largest LNG importer. He also looks at why Europe will also need to become a major importer.
The last 18 months have been transformational for the LNG industry. After years of concern about oversupply, improved market dynamics mean that this fear has reduced. What has caused this change? The massive coal to gas switching program in China has certainly played a large part in this changing landscape. And with European imports expected to double by 2025, Europe will become a major importer too. Will Europe need to compete with Asian buyers to meet its demand? At what point will new LNG supplies be needed? Watch Massimo to find out the answers to these questions and why the race to build new LNG supply is back on.