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LIQUEFIED NATURAL GAS (LNG)

This is the Working Document of the NPC North American Resource Development Study
Made Available September 15, 2011

“LNG, or liquefied natural gas, comprises a small but important and growing part of the global natural gas market. According to the BP Review of World Energy, LNG consumption in 2009 was 23.5 Bcf/d or 8.2% of total world demand for natural gas. Although 2009 natural gas consumption in its entirety declined by 2.1% in 2009 due to the recession, LNG demand grew by 7.2%. This continues a multi-decadal growth pattern of 6 to 7% per year, far faster than the overall growth in the total natural gas market of 2 to 4%.
The U.S. imported 1.24 Bcf/d in 2009 or approximately 5.2% of the global trade of 23.5 Bcf/d. The inclusion of Canada and Mexico raises that volume to 1.67 Bcf/d for slightly over 7% of the worldwide total. North America is thus having a demonstrable effect on the LNG industry although the rapid expansion of shale gas production has called into question the region’s future share of the market.” (Introduction to the LNG White Paper)

Bibliography:
National Petroleum Council
LIQUEFIED NATURAL GAS (LNG)
Working Document of the NPC North American Resource Development Study
Made Available September 15, 2011
Paper #1-10
Prepared for the Resource & Supply Task Group

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