Following on from the resounding success of the 5th Annual LNG Summit USA in September 2021, Wisdom is proud to present the 6th Annual LNG Summit USA, which will take place on 21 and 22 September 2022 in Houston, Texas.
Into 2022, the global underlying demand for LNG is expected to rise 3% to 396 million tons as robust consumption in China’s industrial and residential sectors, alongside other high-growth markets, counteract declining gas generation mix in mature buying regions, such as Japan. Loaded volumes are expected to rise to 402.3 million tons, driven by new production capacity and repairs to existing plants.
Reliability issues and a cyclical decline in capacity additions have constrained the ability of LNG producers to respond to a demand rebound driven by robust recovery from the coronavirus pandemic and the need to refill Europe’s depleted gas stocks after a protracted winter.
Strong demand from Asian markets and a strong draw to refill diminished European stocks are expected to lay the foundations for the USA production to rise 11.3% year on year to 79.8 million tons, exceeding levels in Australia (77.8 million t) and Qatar (77.4 million t), temporarily placing it as the world’s largest LNG producer.