Infographic: LNG continues its slow rise as a favoured fuel source

Coal and oil are losing market share as sources used to produce power. Meanwhile, demand for another fossil fuel—liquefied natural gas—is growing. Formed when natural gas is cooled to -162 Celsius, it is becoming a favoured commodity as jurisdictions look to lower their carbon footprint and use LNG to power homes and businesses. The LNG export opportunity is something Canada is hoping to cash in on, too.

The shipping news
As demand for LNG grows it often has to travel long distances to get from supplier to customer. Large tankers carry the chilled fossil fuel to markets, and the voyages increased by 5 per cent in 2016 compared to 2015 as new liquefaction capacity came online.

Source: World International Gas Union 2017 Report

Capacity building

As of January 2017, global nominal liquefaction capacity reached 339.7 MTPA, an increase from 304.4 MTPA at the end of 2015. And much more is being built or proposed, especially in the U.S. and Canada.

Source: World International Gas Union 2017 Report

Uptick

Demand for LNG is growing as countries transition from fuel sources that emit carbon (i.e. coal and oil) to ones that emit none or less of it—like natural gas.

Source: Shell LNG Outlook 2017

Dying off

Canada’s LNG export ambitions took a hit in 2017 with the cancellation of two major projects—Aurora LNG and Pacific Northwest LNG. However, the owners of one of the biggest proposed projects, LNG Canada, insist their export terminal remains in play.

Source: CAPP Global LNG Outlook

Landing spot
While 35 countries import LNG (including Canada), only a handful are gobbling up the lion’s share of the supply.

Around the world
The LNG we consume has to come from somewhere. Currently there are 18 LNG exporting countries. Here are the top five exporters.
MPTA = million tonnes per annum | Bcf/d = billion cubic feet per day

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