The Future is Bullish for LNG

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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.

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