LNG: handling flexibility risk

NATURAL GAS

A global economic downturn, low demand in the crucial Asia-Pacific region and low US natural gas prices have all contributed to dampening the enthusiasm of two years ago over global liquefied natural gas (LNG) growth. But this does not mean the original optimism was misplaced. “The US market is the key market. It desperately needs to find more gas after 2010. That means a significant growth for LNG,” says Theo Oerlemans, senior adviser to New York-based consultants Poten & Partners. “But Europea