Global liquefied natural Gas was up 8.5 % year aon year in the first 6 months of 2011. Its expected to grow by 12% for the whole year. Step by Step Japan, United Kingdom and India are in continued growth.
LNG supply-demand balance will tighten over the next three to four years due to stronger demand growth, limited liquefaction capacity growth.Analysts said in a report, Japanese demand rose strongly in the second quarter of the year as LNG was the major substitute for the lost nuclear power following the March 11 quake and tsunami.
Currently, more than 60% of the global planned LNG liquefaction projects are located in Australia.
Japan's LNG imports were up 8% year on year in H1 2011
"LNG prices in Asia remained below oil parity pricing.
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