You are here
Ample future supply for new projects
Natural gas and LNG is an abundant, secure and flexible source of energy and the high levels of anticipated demand can easily be met by known levels of recoverable natural gas resources. As technology advances, so does our ability to unlock the world’s natural gas resources. Today, global proven gas resources stand at 769 trillion cubic metres, enough to supply global gas demand for 219 years at current levels of demand.
There is ample LNG supply on the horizon: many potential LNG projects are currently being proposed worldwide, compared with a current consumption of 354.7 million tonnes.
There has been rapid growth in the number of countries supplying LNG, almost doubling between the start of the century and 2019. This has significantly increased the flexibility and security of gas supply options for importing countries.