The Future is Bullish for LNG


The Asia Excellence, one of six new LNG vessels in Chevron Shipping’s fleet, delivered the first cargo of LNG from the Gorgon Project to foundation customer Chubu Electric in Japan in 2016.

“Natural gas is truly becoming a globally traded commodity, and the future is bullish for liquefied natural gas (LNG),” according to Mike Wirth, Chevron vice chairman and executive vice president of Midstream and Development. With LNG demand projected to grow by roughly two-thirds over the next decade, he says, “It’s an exciting time to be a part of this industry.”

“Asia alone will be responsible for nearly 50 percent of expected global LNG demand growth over the next decade.”

Read the complete article here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s