IEA: Russia, the USA and Africa will increase its share in the export of LNG in the world by 2040

© RIA Novosti / Alexei Vitvitskiy in photobanks terminal. Archival photoIEA: Russia, the USA and Africa will increase its share in the export of LNG in the world by 2040© RIA Novosti / Alexei Vitvitskiy the image Bank

Russia, USA and some African countries will increase the share of exports in the world market of liquefied natural gas by 2040, twice as compared with the 2017 — to more than 40%, according to the annual forecast from the International energy Agency (IEA) World Energy Outlook.

United States, like the countries of Africa located to the South of the Sahara desert, will increase LNG exports to 90 billion cubic meters by 2040, Russia — 60 billion cubic meters by 2040. The rest of the LNG supply in the world will fall on countries in the Middle East, mainly Qatar and Australia, Canada and other countries.

The share of sales of LNG in the total volume of trading transactions for gas will increase to about 60% by 2040. The volume of LNG traded by 2040 will double to 760 billion cubic meters of gas. About 80% of LNG imports by 2040 will be in the Asia-Pacific region, with China and India will provide about half of the growth of LNG imports.

Infrastructure of LNG in the world will require $ 35 billion in annual investments, according to the forecast. In 2017, the volume of investments in the industry amounted to $ 20 billion. Despite signs of recovery in the approval of new projects, the absence of adopted final investment decisions for LNG projects in recent years indicates a possible gap in the market in 2020.

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