Total forecasts global LNG output to hit 360m tonnes by 2020
- Middle East: Wednesday, May 01 - 2013 at 05:25
French energy major Total has said global LNG output is expected to reach 360m tonnes and account for 13% of global gas supply by 2020, Gulf Times has reported. Over the next 10 years, natural gas will play an increasingly important role in meeting the world's energy needs. According to Total's estimates, demand for gas will rise at an annual rate of 2.5% from 2010 to 2030, outstripping demand growth for crude oil (1.1%) and coal (0.2%). At that pace, natural gas should rise to second place among fossil energies by 2030, capturing a greater share (24%) of the energy mix than coal for the first time, Total said.
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