The second edition of our new series #NaturalGasStories is here to give you an insight into changing dynamics of the LNG markets in the decade gone by, especially the transition from its traditional, more rigid structure to a traded commodity. As we enter the second decade of the 21st century, India stands on the brink of an expedited population and economic growth. As a result of that, there is going to be a significant rise in country’s demand of energy. Going forward, natural gas as a fuel is expected have the highest growth out of any of the fossil fuel globally and will take on a larger share in global energy consumption. Providing a cheaper and greener alternative to fossil fuels, thus the decade of 2020 is also expected to witness an exponential rise in the consumption of Liquefied Natural Gas (LNG). This report takes you through the pace of growth of the LNG business, and the different factors like demand and pricing, which drive it. (Report courtesy: Natural Gas Society)
