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BG CEO: Expect Liquefied Natural Gas Demand to Increase 4%-6% Annually Through 2020
http://www.morningstar.com/news/dow-jones/foreign-markets/TDJNDN_201510271406/bg-ceo-expect-liquefied-natural-gas-demand-to-increase-46-annually-through-2020.html

SINGAPORE--Global demand for liquefied natural gas is likely to grow strongly over the long term, according to the head of U.K.-based gas and oil company BG Group (BG.LN), despite the recent slump in prices in regions such as Asia.

"There should be no doubt LNG will have an increasingly influential role in the changing landscape of global energy supply," said Helge Lund, BG chief executive at an energy conference in Singapore, on Tuesday.

Liquefied natural gas prices have been dealt a severe blow this year as demand in key importing countries such as China has moderated. Robust supply growth and competitive coal pricing have also put gas prices under pressure.

The benchmark U.S. natural-gas price tumbled to its biggest one-day percentage drop overnight since February 2014 on expectations of a deepening supply glut.


Write to Jenny Hsu at [e-mail]


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(END) Dow Jones Newswires

October 27, 2015 03:57 ET (07:57 GMT)

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