Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets
Until the late 1990s, LNG was a niche industry operating mostly in the Asia-Pacific region. As the world entered the 21st century, however, global demand for LNG surged in a perfect storm created by the industrial and commercial boom around the world that resulted in an ever-growing appetite for all energy resources. Between 2000 and 2008, the LNG industry entered a period of rapid growth with huge increases in supply coming from a growing number of LNG producing countries. However, between 2008 and 2009, the world endured the worst recession since the Second World War with demand for all energy dropping significantly. In 2010, as global economies appeared to be emerging from the recession, global natural gas demand resumed its long-term upward trajectory with the IEA projecting that natural gas will be the only fossil fuel for which demand is higher in 2035 than in 2008. While the ultimate wildcard for all natural gas demand is the pace and strength of the global economic recovery, the long term outlook for natural gas and LNG remands strong. In this interactive online course, we will identify LNG demand drivers. We will examine existing and emerging Asia-Pacific and European importers, and discuss the reasons behind the increased LNG demand in Latin America. We will also consider the natural gas puzzle faced by the Middle EastNorth African region. Lastly, we will investigate the market trends causing the U.S. to shift from LNG importer to LNG exporter.
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Frequently Asked Questions
What operational challenges does this course address?
This course addresses chemical process engineering challenges and technical decision-making related to Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets. Until the late 1990s, LNG was a niche industry operating mostly in the Asia-Pacific region. As the world entered the 21st century, however, global demand for LNG surged in a “perfect storm” created by the industrial and commercial boom around the world that resulted in an ever-growing appetite for all energy resources.
What real-world situations or incidents is this training designed to prepare personnel for?
The training is designed to prepare personnel for project and process scenarios chemical engineers encounter in municipal and industrial infrastructure work associated with Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets. Until the late 1990s, LNG was a niche industry operating mostly in the Asia-Pacific region. As the world entered the 21st century, however, global demand for LNG surged in a “perfect storm” created by the industrial and commercial boom around the world that resulted in an ever-growing appetite for all energy resources.
What safety or compliance concerns does this course help organizations address?
This course helps organizations address technical standards, safety considerations, and regulatory requirements tied to chemical and process engineering work tied to Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets. It supports stronger awareness, more consistent practices, and better day-to-day decision-making on real municipal AEC projects.
Which personnel or departments would benefit most from this training?
This training is most relevant for chemical and process engineers working on municipal and industrial infrastructure, along with organizations seeking to strengthen knowledge, consistency, and role-specific readiness connected to Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets.
How can this course support department readiness, consistency, or professional development?
This course can support department readiness and professional development by reinforcing technical knowledge and supporting sound engineering judgment on chemical and process engineering projects related to Liquefied Natural Gas (LNG): Global LNG Demand & Emerging Demand Markets.
How does this course fit into a broader training program?
This course fits well within a broader training program focused on chemical and process engineering professional development. It can be used to support onboarding, refresher training, continuing education, and more consistent performance across municipal AEC teams.
