The recent energy crunch in Europe and Asia has reemphasized the importance of natural gas and LNG LNG producers around the world are investing billions in increasing capacity follower the recent surge in demand for the fuel Another effect of the recent rally in natural gas prices will be a surge in long-term contracts Cheniere Energy recently announced plans for a $7-billion expansion of its Sabine Pass liquefaction plant in response to the surge in demand for the superchilled fuel in Asia. India’s biggest gas importer said that this strong demand would lead to another surge – in long-term contracts. There may be doubts about long-term oil demand, but LNG’s future seems to be bright. Morgan Stanley said earlier this week that it expected demand for liquefied natural gas to grow by between 25 and 50 percent by 2030. Spot prices for LNG over the next ten years, the […]