COLUMN-LNG industry is super bullish, but in no rush to benefit: Russell | Reuters

COLUMN-LNG industry is super bullish, but in no rush to benefit: Russell | Reuters:

Bullish, as a word, doesn’t quite capture the stampede of optimism that was gushing out from the natural gas industry at its biggest annual event this week in Barcelona.

“The demand is there,” stated Saad Sherida Al-Kaabi, the chief executive of Qatar Petroleum, the world’s largest producer of liquefied natural gas (LNG), in confirming that his country was on track to lift its output to 100 million tonnes of the super-chilled fuel by 2023.

Al-Kaabi’s remarks were among the more measured at the GasTech conference, with some executives making predictions that the market for LNG, currently around 300 million tonnes a year, will more than double by 2025.