LNG Capital Expenditure to Increase 40%, Asian Demand Drives Australian Export Market
FARMINGTON, Conn., Oct. 9, 2012 /PRNewswire-iReach/ — The LNG industry is forecast to grow by nearly 40% from 2012 to 2016. A boom in demand in Asia is driving export markets in Australasia, and driven by growth in its shale gas production North America may become a significant export player by 2016, offering substantial feedstock for the LNG industry.
It is into this environment that Global Information Inc (GII) is pleased to announce the availability of premium market research and critical industry conferences covering the global market for LNG.
The World LNG Market Forecast 2012-2016
Increasing economic growth and demand for gas-fired power generation will see many regions increase their LNG consumption. Particularly important with be the emerging economies of China and India. Japan and Europe will also contribute to rising demand as they move away from nuclear power generation.
The report forecasts capital expenditure in the LNG export, carrier and import sectors and is unparalleled in its detailed analysis and scrutiny of the industry. A general trend throughout the report is the continuing importance of activity in the Pacific Basin. The report also seeks to identify the implications of unconventional gas such as shale gas and coal seam methane on the LNG industry, as well as the emergence and impact of these producers in export markets.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/dw202139-world-lng-market-report-2011-2015.html
December 5 – 6, 2012 | Beijing, China
China needs to build up to 60 new LNG carriers worth $12 billion between now and 2020 in order to meet their Five-Year plan goals. China’s natural gas consumption is expected to grow by 22.6 % in 2012 from 106 billion cubic meters in 2010. The country’s gas demand is forecasted to continue growing robustly, reaching at least 100 Bcm in 2010 and more than doubling to 300 Bcm in 2020. By 2015, the ratio of the primary energy consumption of natural gas in China will increase from 4% to 8%. Those figures mean that the small-mid scale LNG market is the fastest growing area within the contemporary gas market. The flexibility of LNG technology is being used to create “virtual pipelines” accessing new markets and before out of reach customers. This is being done with both trucks and small-scale LNG carriers. China is currently looking for the best technology and equipment suppliers worldwide in order to meet demand in time.
Small-Mid Scale LNG China will be attended by over 150 local LNG industry executives. The conference will highlight insights into China’s 12th 5-Year Plan and regulations relate to the small-mid scale LNG industry. Attendees will also experience case studies from leading on-going international LNG projects.
Reserve your seat today by registering at http://www.giiconference.com/iqpc248830-2012/
December 5-6, 2012 | Beijing, China
According to the latest Chinese 5 year plan, China’s total LNG receiving capacity is expected to reach 87 million metric tonnes per annum (mmtpa ) by 2020. Of this total capacity, more than 80% is either operational, under construction or approved as of end November 2011. Meanwhile, the demand for the China domestic market will double, and China will become one of the largest LNG importers in the world. However, with so many new LNG plants/ terminals/ pipelines/power plants on the way, there are a lot of technical issues to tackle. This event will provide solutions to many of difficulties along the whole LNG supply chain.
Key topics to be discussed at LNG Tech China 2012 include the latest China domestic LNG projects, LNG plant efficiency, choosing cost-effective storage tanks, lower emission LNG vaporization, future gas distribution in China, pipeline efficiency, pipeline coating, and more.
Register now at https://www.giiresearch.com/conference/en/order/248829
Nov 19 – 21, 2012 | Pan Pacific, Perth, Australia
Investments in liquefied natural gas (LNG) infrastructure are forecast to reach $35.8 billion in 2012. LNG Outlook Australasia 2012 is the region’s premier strategic LNG event. The leading LNG conference and exhibition features global speakers and attendees from across the value chain. Attendees will learn how to receive and process greater volumes of gas; how to develop supporting infrastructure; how to identify new investment opportunities; how to secure buyers; how to convert to liquid and back; how to identify and evaluate new technologies and solutions; and how to transport and deliver gas.
Looking to meet with key prospects? Want to forge connections with genuine business contacts? LNG Outlook Australasia is the only event of it its kind in terms of scope, content and experience.
To learn more, please visit http://www.giiconference.com/tera243157-2012/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.