Dec 1, 2010
LNG demand to outstrip supply-GDF Suez
Global liquefied natural gas demand will double by 2020, driven by increases in Asia, but supply will struggle to keep up over that period, GDF Suez's president of LNG said on Wednesday.
Difficulties in getting new production projects online will lead to a sellers' market in the future, said GDF Suez's Philip Olivier, a change from the buyers' market which currently exists due to ample supply.
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Source: Reuters
Category:
Offshore and Energy
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