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The Role of Gas in Sustainable Energy (Booklet - December 2015)Liquefied natural gas (LNG) – towards global gas markets
Recent market developments point to a fundamental change in the role of Liquefied Natural Gas (LNG) in the global energy landscape. The use of LNG to transport natural gas is poised to grow dramatically in the foreseeable future. Growing international concern over energy and environmental security has led to policies in both gas importing and exporting nations that will likely increase LNG trade in coming years. While significant growth of LNG trade has been anticipated for decades, developments in liquefaction, shipping, and gasification technology and costs, gas market supply and demand dynamics, economic accessibility of previously uneconomic resources, and geopolitics have created a new dynamic that is accelerating development of an LNG market that will progressively connect a global gas market.