CALGARY, Alberta (Dec. 5, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report assessing global demand for liquidized natural gas (LNG) and risks that could increase or lessen consumption of the fuel.
“Key assumptions on Asian demand and Russian supply dictate the difference between an oversupplied or undersupplied global market, and we expect LNG to account for about 65% of global gas demand growth to 2030,” said Al Salazar, head of Macro Oil and Gas at EIR.
Key takeaways from the report:
- Natural gas fundamentals in China and Russia will largely determine the fate of LNG over the next eight years.
- EIR’s base case suggests no significant global LNG overbuild to 2030.
- EIR forecast ~16 Bcf/d of additional LNG projects coming online by 2030 in North America.
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About Enverus Intelligence Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers. Learn more at Enverus.com.
Media Contact: Jon Haubert | 303.396.5996
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