Record LNG capacity to get green light in 2019 amid strong demand | Reuters

Record LNG capacity to get green light in 2019 amid strong demand | Reuters:

A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said.

A final investment decision (FID) could be taken on more than 60 million tonnes per annum of LNG capacity this year, well above the previous record of about 45 million tonnes in 2005 and triple last year’s 21 million tonnes, Wood Mackenzie’s research director for global gas and LNG, Giles Farrer, said.

The new capacity would bulk out the pipeline of gas set to come on stream in coming years, adding to the more than 320 million tonnes of LNG shipped globally in 2018, according to shipping data in Refinitiv’s Eikon.