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Thursday, May 10, 2012

Predicted abundance in the supply of natural gas (LNG) in 2020

On : 4:30:00 PM
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Experts said at a conference on oil and gas in the Middle East this week, the world's supply of natural gas (LNG), will be abundant near the end of the decade, but prices are likely to remain supported by rising demand.


Commonly used gas in the world in the past two decades, surpassing coal and oil as fuel is less polluting power plants, and increased its position because of fears of nuclear power after the disaster of Fukushima in Japan in 2011.


And gas prices tended to rise in liquefied natural gas prices for transported via pipelines, because of the high cost of production and because it can be shipped to the highest bid price.


He said participants at the conference which was held in Bahrain this week, that the closure of power plants, nuclear-powered in Japan since the disaster, Fukushima in March 2011, led to the transfer market natural gas (LNG) from the case of abundance and low prices in the years 2009 and 2010 to balance or even high a slight demand for the offer.


But spending hundreds of billions of dollars on new projects, designed to meet the growing demand for gas, would bring about an abundance of new supply in the market by the year 2018, when it enters the production of new Australian projects market and become the United States a great source of gas.


The participants said at the conference, said that the expected abundance is likely to affect prices, but the prospects for disruption of the Australian projects, and any increase in demand will prevent another collapse in prices.

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