As turbulence hit the oil market at the end of 2014, the situation had wide-ranging implications for energy-supply across the world. While consumers understandably rejoiced at lower fuel prices, instability was created which curtailed investment in the sector. In contrast to such volatility, LNG has offered a more stable outlook. In recent years, as concerns have increased about maturing oil resources in the West, LNG has attracted investment, offering an abundant and cost-effective energy solution. In the US, LNG is growing into a major industry, with experts predicting the country has up to 100 years of gas supply. According to ExxonMobil, global energy demand is expected to rise by 35% by 2030 compared to 2005 levels, and LNG is projected to be the.... fastest-growing major fuel source over the next 15 years.
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