The International Gas Union said in its annual report that the global LNG industry is poised for growth and plays a key role in expanding access to natural gas in the world’s future energy mix.

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A leading Australian energy industry executive, Grant King, told the LNG 18 conference in Perth that while $200 billion had been spent in building Australia up to be
the largest liquefied natural gas producer by 2018, the operators and stakeholders will be spending the same again in supporting these assets for the next 20
years.

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The LNG 18 conference is starting in Perth, Western Australia, with the current challenging times for the industry because of the oil price slump being addressed at a press conference by the US President of the International Gas Union, David Carroll, and other senior figures in the sector.

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