Optimism has returned to the global LNG market, and Wood Mackenzie recently upgraded its forecast of the LNG supply-demand gap for new projects. The shale gas boom will make the US the world's top supplier of liquified natural gas (LNG) by 2028 and its biggest producer by 2040, according to Wood Mackenzie. But it is not just about gas. Kramer added US annual LNG exports could reach more than 140 million tons per year (tpy) by 2035, outstripping Qatar and Australia, which would ship 100 million and 80 million tpy, respectively.
The shale gas boom will make the US the world's top supplier of liquified natural gas (LNG) by 2028 and its biggest producer by 2040, according to Wood Mackenzie. But it is not just about gas. Kramer added US annual LNG exports could reach more than 140 million tons per year (tpy) by 2035, outstripping Qatar and Australia, which would ship 100 million and 80 million tpy, respectively.