Financial Times FT.com

LNG: A critical role in world energy

By Dino Mahtani

Published: July 12 2007 10:49 | Last updated: July 12 2007 10:49

The production of liquefied natural gas is expected to become critical to world energy needs and Nigeria’s performance will be in the spotlight.

It holds the world’s seventh-largest reserves of natural gas and wants to more than double its exports of LNG to be near the top of world export tables within five years. Global demand for LNG is set to rise by 9 per cent a year during the next decade and any delays to Nigerian projects could have significant repercussions on international gas markets.

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