Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future

Botão, Rodrigo Pereira; Costa, Hirdan Katarina de Medeiros; Santos, Edmílson Moutinho dos

doi:10.3390/en16135223

Cited by 10 publications

(14 citation statements)

References 17 publications

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“…Due to the growing demand for energy, natural gas has become an important commodity to satisfy this demand [1][2][3][4][5][6]. It is estimated that the LNG demand will grow faster than the gas demand [7], which has led to huge investments in developing floating vessels [2,4].…”

Section: Introductionmentioning

confidence: 99%

A study on the value estimation of LNG cold heat with application to the liquefaction of various refrigerants

Asante,

Galanido,

et al. 2024

Preprint

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Refrigeration effects lower than − 20°C can be traditionally achieved using a vapor-recompression refrigeration cycle with various refrigerants having their own supply temperatures. In this study, the values contained in the liquefied natural gas (LNG) cold heat have been estimated when more than 30 pure refrigerants are liquefied by exchanging heat with LNG instead of using a vapor-recompression refrigeration cycle. There was a total of 35 selected refrigerants for evaluation of cold heat price contained in LNG, which includes n-butane, propane, propylene, ammonia (NH3), 1,1,1,2-tetrafluoroethane (R-134a), hydrochlorofluorocarbon (R-22) etc. Simulation works have been carried out for each single refrigeration cycle using the Peng-Robinson equation of state in combination with TWU’s alpha function. PRO/II with PROVISION V2021, a steady-state simulation tool from Aveva Company, was used to model the refrigeration cycle and LNG cold heat value estimation. It was concluded that the estimated values of the LNG cold heat were inversely proportional to refrigerant supply temperature since the compressor power is proportionally increasing when the refrigerant supply temperature is lower and vice versa.

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Section: Introductionmentioning

confidence: 99%

A study on the value estimation of LNG cold heat with application to the liquefaction of various refrigerants

Asante,

Galanido,

et al. 2024

Preprint

View full text Add to dashboard Cite

show abstract

“…The global market for Liquefied Natural Gas (LNG) has undergone significant transformation over the past few decades, evolving into a dynamic and increasingly important component of the global energy landscape. This evolution is characterized by a complex interplay of demand, supply dynamics, and the broader implications of energy transition and climate change mitigation efforts (Botão, Costa, & Dos Santos, 2023).…”

Section: Introduction 1overview Of the Global Lng Market And Its Evol...mentioning

confidence: 99%

“…The supply and demand dynamics of the LNG market are complex and influenced by various factors, including geopolitical developments, economic conditions, and technological advancements. The industry has seen a shift towards more flexible and short-term contracts, reflecting the changing nature of global energy markets and the need for greater adaptability (Botão, Costa, & Dos Santos, 2023).…”

Section: Introduction 1overview Of the Global Lng Market And Its Evol...mentioning

confidence: 99%

Technological innovations in the LNG sector: A review: Assessing recent advancements and their impact on LNG production, transportation and usage

Oladipo Olugbenga Adekoya,

Adedayo Adefemi,

Olawe Alaba Tula

et al. 2024

World J. Adv. Res. Rev.

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This paper thoroughly explores the recent technological innovations in the Liquefied Natural Gas (LNG) sector, examining their impact on production, transportation, storage, and usage. The study delves into the evolution of the global LNG market, emphasizing the critical role of technological advancements in shaping the industry's future. The aim is to analyze these innovations, assess their environmental and economic impacts, and explore the influence of geopolitical and market dynamics. By employing a comprehensive literature review, the paper utilizes a multi-criteria decision support framework to select relevant technological innovations and assess their impacts. This methodology integrates environmental, social, policy, and economic dimensions, offering a holistic view of the LNG sector's technological landscape. The findings reveal significant advancements in LNG production technologies, such as green ammonia and biogas, enhancing sustainability and efficiency. Innovations in LNG transportation, including optimized carrier fleets and storage systems, have revolutionized the industry, improving economic viability and safety. The emergence of Floating LNG (FLNG) technologies marks a pivotal development, unlocking new gas monetization possibilities. The study also highlights the environmental benefits of these innovations, including reduced greenhouse gas emissions and their synergy with renewable energy systems. The paper concludes that while technological advancements offer substantial benefits, they also present challenges, including high investment costs and regulatory complexities. It recommends continued innovation, strategic collaborations, and supportive regulatory frameworks to fully exploit the potential of LNG technologies. As the global energy landscape evolves, the LNG sector is poised to play a crucial role in the transition to a more sustainable and efficient energy future.

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“…Liquefied Natural Gas (LNG) has emerged as a cornerstone in the global energy landscape, playing a pivotal role in shaping energy security, economic development, and environmental sustainability. The global gas and LNG markets have witnessed significant transformations, driven by increasing demand, market volatility, and the implications of climate change policies (Botão, Costa, & Dos Santos, 2023). The surge in LNG's prominence is attributed to its versatility, cleaner-burning properties compared to other fossil fuels, and the ability to transport it across vast distances, making it a critical component in the energy mix of numerous countries (Nikhalat-Jahromi et al, 2017).…”

Section: Introduction 1setting the Scene: The Global Importance Of Li...mentioning

confidence: 99%

“…The future outlook of the LNG market is closely tied to the global energy transition and climate change mitigation efforts. The Paris Agreement, for instance, has profound implications for natural gas demand, potentially leading to changes in energy composition, reduced LNG demand, increased costs, and necessitating industry adaptation (Botão, Costa, and Dos Santos, 2023). Despite these challenges, LNG continues to be a vital component of the global energy mix, with its role in heavy-duty transport and other sectors underscoring its versatility and importance.…”

Section: Introduction 1setting the Scene: The Global Importance Of Li...mentioning

confidence: 99%

A comprehensive review of Liquefied Natural Gas (LNG) market dynamics: Analyzing the current trends, challenges, and opportunities in the global LNG market

Oladipo Olugbenga Adekoya,

Adedayo Adefemi,

Olawe Alaba Tula

et al. 2024

World J. Adv. Res. Rev.

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This scholarly paper comprehensively analyses the global Liquefied Natural Gas (LNG) market, delving into its multifaceted dynamics and future prospects. The study's background establishes the increasing global importance of LNG, driven by its role in the contemporary energy mix and the evolving landscape of energy production and consumption. The paper aims to dissect current trends, challenges, and opportunities in the LNG market, focusing on its historical evolution, technological advancements, environmental sustainability, economic factors, and geopolitical influences. The paper synthesizes peer-reviewed literature through a meticulous methodology to ensure a broad and in-depth coverage of the subject. The scope encompasses a detailed exploration of the historical milestones of the LNG industry, its role in the energy mix, the impact of technological innovations, and the interplay of environmental, economic, and regulatory factors. The study also scrutinizes the influence of geopolitical dynamics on the global LNG trade. The main findings reveal that technological advancements have significantly reshaped LNG production and distribution, enhancing efficiency and sustainability. Environmental considerations emerge as pivotal in the industry's evolution, with a clear need to balance economic growth with ecological preservation. The economic analysis underscores market volatility influenced by global trade dynamics and geopolitical shifts, highlighting the sector's sensitivity to international events. The paper recommends a strategic focus on innovation, sustainability, and geopolitical engagement to foster the LNG industry's growth. It emphasizes the necessity for adaptive regulatory frameworks and investment in renewable energy infrastructure to support LNG's expanding role in the global energy landscape.

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Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future

Cited by 10 publications

References 17 publications

A study on the value estimation of LNG cold heat with application to the liquefaction of various refrigerants

A study on the value estimation of LNG cold heat with application to the liquefaction of various refrigerants

Technological innovations in the LNG sector: A review: Assessing recent advancements and their impact on LNG production, transportation and usage

A comprehensive review of Liquefied Natural Gas (LNG) market dynamics: Analyzing the current trends, challenges, and opportunities in the global LNG market

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