The demand for liquefied natural gas (LNG) is expected to surge rapidly in the coming decades, particularly in Asia. This forecast comes from DTEK’s top manager Ivan Geliukh, who referred to findings published by Shell Corporation. Specifically, global LNG demand is projected to grow by more than 50% by 2040.
According to the expert, the key drivers of this trend are China and India, which are heavily investing in the development of their LNG import infrastructure.
“This will not only meet the domestic energy needs of these countries but also position them as leading players in the global energy market,” Ivan Geliukh noted, emphasizing that with the rising demand for LNG, producing countries are also expanding their export capacities.
“Notably, the United States, Qatar, and Australia are investing in the construction of new LNG terminals and production facilities to increase their output and exports. These initiatives aim to ensure stable supplies and diversify energy sources for consumers worldwide,” said Ivan Geliukh.
In his view, advancements in transportation technology play a significant role in the growing adoption of LNG. Increasing tanker sizes, new cooling systems, and the reuse of evaporated gas as fuel make the transportation process more efficient and cost-effective.
“In addition, floating storage and regasification units (FSRUs) are being actively deployed. These allow for the quick and economically efficient delivery of gas to end consumers. Such technologies are especially crucial for countries with limited infrastructure,” Geliukh pointed out.
The expert also highlighted the importance of reducing LNG’s carbon footprint.
“Companies and governments are heavily investing in technologies that minimize emissions during the production, transportation, and use of LNG. This aligns with other global and European efforts to combat climate change, which include green initiatives such as solar and wind energy,” Ivan Geliukh concluded.
Let us remind you that Ivan Geliukh previously highlighted the active development of green electricity in Europe. According to him, by 2030, the EU plans to increase the share of renewable energy in its total energy consumption to at least 42.5%.