Abstract or Introduction
The LNG industry is experiencing strong growth in its current market- posting an impressive 297.63 bcm in LNG imports during 2010(BP 2011: 29). However, it is still a budding industry because Russia and Iran- owners of the largest gas reserves in the world are still fledgling LNG exporters (Economides and Wood 2009). According to Kumar et al. (2011) LNG is also a clean substitute over petrol and diesel. Moreover the Asian tigers like Japan, China and India are still growing their economies (ExxonMobil 2010: 8). Thus, the Asian tigers’ LNG demand, the eco-nature of LNG, coupled with Russia and Iran’s LNG exports - can create a more robust LNG market in the future. This paper examines the existing and future market of LNG – in the light of major LNG players in each region.
- Quote paper
- Nana Yaw Addo-Korie (Author), 2011, LNG - A Review of Current and Future Markets, Munich, GRIN Verlag, https://www.grin.com/document/187167
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