LNG Share to Rise in Global Energy Mix
LNG Share to Rise in Global Energy Mix
Wednesday, July 18, 2018

LNG Share to Rise in Global Energy Mix

Wednesday, July 18, 2018

LNG Share to Rise in Global Energy Mix

Liquefied natural gas is projected to come into sharp focus worldwide in the future, as it is not only cost-effective but also clean and accessible compared to other energy sources, the former secretary-general of the Gas Exporting Countries Forum said.
“LNG accounts for 25% of the global energy basket, which is predicted to reach 40% by 2040,” Mohammad Hossein Adeli was also quoted as saying by Mehr News Agency on Tuesday.
Adeli added that as the fuel can be used as a bargaining chip, countries are opting to expand its shares in the gas market.
“Iran’s southern Arab neighbor Qatar is the largest LNG exporter in the world, whose volume reaches 75 million tons out of the total 280 million tons traded in international markets,” he said.


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