1. How do you see small-scale developing as a means to unlock new demand in emerging markets?
Small scale has the potential to be a significant source of new demand in coming years. Applications such as bunkering, motor fuels and small scale generation all have the potential to increase demand for LNG. That said, it will take some time before these new applications combine to boost overall demand substantially.
2. How competitive is LNG in the fuel mix and will we see an increase in the use of LNG to Power in the coming years?
At current prices, LNG is highly competitive. Not only does it displace coal fired capacity in some markets, such as
Europe, but it also is attractive to markets considering small-scale projects and FSRUs. However, in the longer run,
LNG prices are likely to rise as the current surplus is absorbed so there is a risk that LNG will become less competitive
3. What role do you see gas having in the next 5-10 years and what will be the relationship between gas and renewables?
Gas should have significant role in the global energy mix in coming years. As both liquefaction capacity and regas
capacity grow, LNG will find new markets. LNG and natural gas also have a role to play in reducing carbon emissions,
particularly in markets where gas can displace coal in generation.
With regard to renewables, gas both complements and competes with renewables. Once renewable capacity is built,
it tends to run whenever the conditions are right, and that can displace natural gas generation.