September 6, 2018- The American Institute of Chemical Engineers- South Texas Location Section is a monthly meeting, held this time at The Bougainvilleas in Houston, TX. The dinner speaker for the meeting was CEO of ADI Analytics, Uday Turaga. The presentation titled, 'North America: A future LNG Superpower,' focused on North America's potential to become a truly global player for LNG. The presentation identified key drivers, global demand, supply, technology, and projects.
ADI's research demonstrated several key insights including shale being the cause for North America having enough cheap natural gas, coupled with gas demand growth, which was driving exports. Further, environmental pressures are also driving LNG demand growth globally, which advantages for North American LNG projects. In addition, small-scale LNG is becoming a promising frontier, although there are key risks to natural gas and LNG such as growing competitiveness of renewables and energy storage.
ADI anticipates sustained production along with continued supply of cheap, natural gas for the next several years. Furthermore, natural gas exports from pipelines and LNG will account for the bulk of the demand growth until 2025.
To gain more detailed insights like what the specific segments driving demand for LNG from small and mid-scale facilities are along with more information for North American LNG, access the full presentation or our North American and global small-scale LNG sheets by filling out the information below:
