At the 2020 ADI Forum, Scott Chrisman, Former CCO, Sempra LNG, and Lisa Leland, SVP, Gas Supply, Annova LNG, examined the key countries driving the LNG market and the impact of shifting prices on demand. China’s swift adoption of cleaner fuels, driven by government policies, is positioning it as the top global LNG buyer, while Korea’s shift from coal to renewables relies heavily on LNG. Lower LNG prices are also attracting emerging markets that previously found it unaffordable, and Europe is actively diversifying its gas supply away from Russia. This price elasticity is fueling demand and bringing new participants into the global LNG market, shaping its future trajectory.
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