Sujit Potdar|Aspen Technology
Despite record low LNG prices, and the ever increasing capital costs of new production plants, there has been a significant amount of pressure on the industry to increase capacity by improving existing plant efficiencies and constructing more facilities. Demand for LNG as a carbon friendly energy source continues to grow in many regions. Before the end of the decade, when most of the current construction projects will reach completion and be in production, there will be a short period of oversupply, but not for long. By 2021, the world will need additional supply capacity – more output, more plants.