Natural gas is the world’s fastest-growing primary energy source and is important because of its expanding role in fueling electric power generation.
February 1, 2006 (Press Release) --
Natural gas is the world’s fastest-growing primary energy source and is important because of its expanding role in fueling electric power generation. It is one of the world’s cleanest fuels and the most financially viable option for power generation. Both oil and natural gas, which constitutes about 60% of total energy requirements, will remain the major source of energy right through 2020.
Natural gas will account for one-third of all incremental energy growth over the next 20 years and represent one-quarter of world energy supplies by 2020.
According to experts, the world gas reserves are adequate to fulfill the growing demands. The current liberalization of markets combined with the growing demands, new supply sources and technological innovations have made gas more valuable because it can be sold worldwide rather than only in the region where it’s produced.
The world LNG market would almost double in size with countries like Taiwan, Korea, Japan and other Asian countries becoming prominent players in the gas market. The continuously escalating demands for electricity have compounded the demand and supply of LNG worldwide.
The constantly spiraling need for an environmentally friendly, domestic natural fuel alternative is another reason for the growth of LNG globally. Majority of these energy users emphasize on the needs to exploit their resources commercially.
A recently conducted market research report by RNCOS – a leading market research report company, predicts the global LNG demand to increase from about 158 bcm (billion cubic meters) to 269 bcm through 2010 and to about 428.5 bcm by 2020. This escalation in worldwide demand for LNG comprises an imminent 7.8% average trade growth annually, with a deceleration of 5.4% up to 2015 and 4.9% through to 2020.
The research report Global LNG Market Worldwide (2005-2015) taking into account the financial aspects of operating LNG terminals, claim that the LNG market is about to enter a phase of strong growth. It is estimated to increase to about $ 67 billion within the period 2005-2009. As per industry experts the annual spending on LNG terminals is slated to climb up to $ 7.2 billion in 2004 and escalate further to $ 17.5 billion by 2009.
The market research report by RNCOS gives detailed information about 31 different LNG projects round the world along with their capacity, operator’s name, expected date of commissioning and the number of related trains.
The storage tanks in the LNG terminals constitute nearly 1/3 rd to half of the entire transportation costs and are definitely the costliest of all items. Importing companies of LNG are demanding shorter and more flexible contract terms to replace the rigid and long-term (extending to 20-25 years) traditional contracts. The old contract terms safeguarded the interests of the buyers while the new take or pay clauses transferred the onus of risk on the buyer.
To purchase your copy :http://www.rncos.com/Report/IM027.htm
For more information about the report please visit www.rncos.com
Natural gas will account for one-third of all incremental energy growth over the next 20 years and represent one-quarter of world energy supplies by 2020.
According to experts, the world gas reserves are adequate to fulfill the growing demands. The current liberalization of markets combined with the growing demands, new supply sources and technological innovations have made gas more valuable because it can be sold worldwide rather than only in the region where it’s produced.
The world LNG market would almost double in size with countries like Taiwan, Korea, Japan and other Asian countries becoming prominent players in the gas market. The continuously escalating demands for electricity have compounded the demand and supply of LNG worldwide.
The constantly spiraling need for an environmentally friendly, domestic natural fuel alternative is another reason for the growth of LNG globally. Majority of these energy users emphasize on the needs to exploit their resources commercially.
A recently conducted market research report by RNCOS – a leading market research report company, predicts the global LNG demand to increase from about 158 bcm (billion cubic meters) to 269 bcm through 2010 and to about 428.5 bcm by 2020. This escalation in worldwide demand for LNG comprises an imminent 7.8% average trade growth annually, with a deceleration of 5.4% up to 2015 and 4.9% through to 2020.
The research report Global LNG Market Worldwide (2005-2015) taking into account the financial aspects of operating LNG terminals, claim that the LNG market is about to enter a phase of strong growth. It is estimated to increase to about $ 67 billion within the period 2005-2009. As per industry experts the annual spending on LNG terminals is slated to climb up to $ 7.2 billion in 2004 and escalate further to $ 17.5 billion by 2009.
The market research report by RNCOS gives detailed information about 31 different LNG projects round the world along with their capacity, operator’s name, expected date of commissioning and the number of related trains.
The storage tanks in the LNG terminals constitute nearly 1/3 rd to half of the entire transportation costs and are definitely the costliest of all items. Importing companies of LNG are demanding shorter and more flexible contract terms to replace the rigid and long-term (extending to 20-25 years) traditional contracts. The old contract terms safeguarded the interests of the buyers while the new take or pay clauses transferred the onus of risk on the buyer.
To purchase your copy :http://www.rncos.com/Report/IM027.htm
For more information about the report please visit www.rncos.com
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