LNG

Asia and Europe together account for the vast majority of future liquefied natural gas demand by 2040 and how these markets develop will have an important bearing on global LNG trade, according to the 2018 BP Energy Outlook.

There was sub-par growth in global natural gas production as the US benchmark Henry Hub price was 5 percent lower than in 2015, European and Asian gas markers were down 20-30 percent and the pricing environment continued to adjust to increased LNG supplies, according to the latest global statistical report.