A new resolution on energy-efficiency regulation of ships was adopted at the 65th session of the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO),...
Besides Qatar, there are also reports of projects in Kuwait and Australia becoming operational in 2010. "Suppliers in Africa, the Middle East and Europe are threatening the dominance of Asia," EI said.
According to an estimate by Energy Information Agency of the US, world's natural gas consumption is expected to increase from 105 trillion cubic feet in 2005 to 158 trillion cubic feet in 2030.
Another estimate by energy analysis agency Future Energy sets 2.4 per cent as the rate for growth in demand for natural gas in the coming years. The report comes close on the heels of at least two major projects - one in Taiwan (a storage terminal) and the other in Qatar getting delayed.
EI said delays in global projects, coupled with soaring demand for gas, are contributing to short-term LNG supply shortages and escalating prices.
"Import terminals, and the LNG fleet, are multiplying more rapidly than export facilities, as purchasers seek to position themselves in the new market, but supply shortfalls mean many face severe under-utilisation in their early years."