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Natural gas will account for 40% of world trade by 2040
14:03 - 16/10/2017
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The Secretary-General of the Forum of Gas Exporting Countries, Mohamed Hussein Adli, said on Monday that liquefied natural gas represents about 40% of world trade by 2040 compared to 31% currently.
"The competitiveness of cheaper gas delivered through pipelines will continue despite an increase in the share of liquefied gas," Adli told a LNG conference in Budapest.
"The US share of liquefied natural gas (LNG) trade will be about 5 percent of the market in 2040, up from about 2 percent now," he said, adding that "the Middle East will remain dominant." Ending / 25 g
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