SOURCE: Industrial Info Resources

December 11, 2007 08:01 ET

Despite Rising Costs, Global LNG Supply Is Set to Increase Dramatically Over the Next Eight Years, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 11, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The prices for equipment, construction and engineering services have risen across the board because of the growth in the absolute numbers of both liquefied natural gas (LNG) liquefaction and regasification schemes being proposed globally. Because of this sector price inflation, several supply side projects have experienced production start-up delays, resulting in existing supply side issues that have affected the timing of several proposed LNG re-gasification projects. Even though the supply could grow to 370 mmtpa by 2015, demand could eclipse supply by 20 mmtpa between 2008 and 2015.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR) is the leading marketing information services company for the industrial process, heavy manufacturing and energy-related markets throughout the world. For more than 24 years, IIR has provided accurate and timely intelligence through products such as plant and project information databases, focused market databases, industry forecasting, key industry contacts, industry and territorial map products, direct marketing services and applications, and daily industry news. For more information send inquiries to or visit our website at

Contact Information

  • Contact:
    Joe Govreau