Académique Documents
Professionnel Documents
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Country
TCM
%
Share
Russia
44.8
23.9
Iran
29.6
15.8
Qatar
25.3
13.5
Turkmenistan
8.0
4.3
Saudi Arabia
8.0
4.3
United States
7.7
4.1
6.0
3.2
Venezuela
5.5
2.9
Nigerla
5.3
2.8
10
Algeria
4.50
2.4
Country
BCM
%
Share
U.S.A.
611.0
19.3
Russia
588.9
18.4
Canada
159.8
5.0
Iran
138.5
4.3
Qatar
116.7
3.6
Norway
106.4
3.3
China
96.8
3.0
S.Arabia
83.9
2.6
Indonesia
82
2.6
10
Algeria
80.4
2.5
Country
BCM
%
Share
United States
683.4
21.7
Russia
414.1
13
Iran
136.9
4.3
China
109.0
3.4
Japan
94.5
U.K
93.8
Canada
93.8
S.Arabia
83.9
2.6
Germany
81.3
2.6
10
Italy
76.1
2.4
Why LNG?-Environment
As explained earlier, gas is the most environment
friendly fossil fuel
With increasing awareness about Global warming and
need for managing Climate change there is rapid
increase in demand for gas in all parts of the world.
Hence increased need for transportation of gas across
regions.
ADVANTAGES
S.
= Constant in USD/MMBTU
Structure of gas industry has evolved much differently than oil industry and
hence both have different characteristics
Gas transportation is highly capital intensive and front end loaded and
hence relied on debt financing necessitating long term contracts for debt
servicing.
These two factors account for lack of transparency in LNG price discovery
and absence of global and liquid gas market