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Morgan Stanley: Global LNG demand will surge

 Last Update: 2021-11-13
 Source: Internet
 Author: User

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According to recent news from the World Energy News Network, Morgan Stanley research analysts said in a report that global demand for liquefied natural gas (LNG) is expected to increase by 25% to 50% by 2030.

Morgan Stanley raised its long-term price forecast for LNG to US$10 per million British thermal units.

Stimulated by the economic recovery after the epidemic, the surge in demand before the arrival of winter in the northern hemisphere exceeded supply.

Morgan Stanley stated that by 2030, at least 73 million tons of new projects will be needed each year to meet global LNG demand

In addition, in Asia, coal accounts for a high proportion of the energy mix and will become the main driving force for the growth of LNG demand led by India, Thailand, Bangladesh, Indonesia and Malaysia

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