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    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

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    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

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    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

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SAFETY4SEA

Infographic: 2019 was a record year on LNG supply growth

by The Editorial Team
February 21, 2020
in Fuels, Shipping
lng carriers

Above image is used for illustration purposes only / Credit: Shutterstock

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Oil major, Shell, launched its LNG Outlook for 2020, presenting the trends of 2019 concerning the liquefied natural gas demand and growth, highlighting that the year that passed was a record-year of LNG supply growth.

In the infographic below, Shell notes that by 2040 80% of global energy demand growth to be met by renewables and gas, while 60% of increased gas demand from nonpower sectors.

Also, in 2019 China and India remained at the top of using coal and other solid fuels in homes and businesses, while announcements were made to phase out 64 gigawatts of coal-fired power generation.

Global CO2 savings from coal-to-gas switching since 2010 equivalent to 57% of annual CO2 emissions in South America.

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As a record supply year, 2019 saw 40 million tonnes of additional supply in 2019, from which 37% came solely from the USA.

Growing nuclear availability and mild winters in Japan and South Korea dent LNG imports reached a:

  • 7% drop in Japan
  • 8% drop in South Korea

In addition, European LNG imports rose by 74% due to lower domestic production and lower pipeline imports and increased coal-to-gas switching with more storage.

Concluding, China was among the top three growth countries importing 62 mtpa, while also surpassed Japan in 2018 as the largest importer of natural gas.

Tags: LNG infrastructureLNG marketLNG outlookoil and gas industrysustainability

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