LNG Technology World Summit 2011

Natural gas is expected to be the fastest growing primary energy source: its share in world energy demand will increase from 23 % in 2000 to 28 % in 2030, mostly at the expense of coal and nuclear energy. The projected growth in LNG in the base case is expected to increase at 6.7 percent per year from 2005 to 2020. Recent Global Financial Crisis and decline in raw material and equipment prices is expected to cause some decline in construction cost of LNG plants, however the extent of such a decline is still unclear.

LNG trade to-date has been dominated in the Far East primarily due to the proximity of the suppliers and consumers with Japan and Korea accounting for the lion’s share of the market. The birth of the North American and European market is about to radically change the LNG trade fundamentals bringing about a new era for LNG

Technological Improvements in LNG Have Significantly Reduced the Costs of Production and Transportion of Gas Over Long Distances. With More Limited Options for Oil Discoveries, Companies Have Turned Their Attention to "Monetizing Stranded Gas Assets"

Speakers and Panelists at this Event will share interactively their insights which will be indispensable to strengthen and create more efficient markets and develop effective competition energy industry.