LNG

Germany’s Deputy Finance Minister Jörg Kukies said at an energy conference in Australia that even as German liquefied natural gas import terminals were being rapidly developed to help replace Russian pipeline gas the joint supply of 30 billion cubic metres of LNG by the United States and Qatar still left a huge gap.

UK major BP says that natural declines in existing hydrocarbon production imply continuing investment in new upstream oil and natural gas is required over the next 30 years and the LNG sector is expected to see substantial growth.