The LNG tanker Arctic Voyager is escorted by tugs in the Baltic Sea offshore Klaipeda, Lithuania in February 2017. Source: Shutterstock
At a recent market outlook by Haynes and Boone LLP, presenters from that law firm as well as maritime brokers and analysts Poten & Partners, and logistics operator USD Group suggested that the immediate need for LNG growth worldwide is midstream infrastructure to connect regasification facilities to users. By 2022 new long-term supply is likely to be needed, but the key to continued growth and diversification of global LNG is on the midstream for the last mile.
Mark Cole, co-general counsel and secretary at USD, offered an investment-case approach.
“There is abundant and growing supply of LNG worldwide, notably in the U.S. and Australia,” he said. “There is also abundant and growing demand. But there is potentially inadequate pipeline and terminal infrastructure.”