Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference. “This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” Birol told the LNG Producer-Consumer conference in Tokyo, as quoted by Reuters. Unsurprisingly, the driver of this growth in investments is growing demand for the fuel in Asia, with China still expected to overtake Japan as the world’s top importer of LNG. “The biggest growth is coming from China. In the next five years, about one-third of global LNG demand will come from China alone,” Birol said. He added that in five years, China will become the largest importer of the fuel. As for the growth in investments, there are no surprises there, either. The bulk of these has been […]