THE LNG INDUSTRY

Since the first liquefaction plant was built in Algeria in1964, LNG has now reached a world wide development. At present there are 26 liquefaction plants, more than 250 sea carriers and 63 regasification terminals in operation and In 2007, LNG represented 7.7% of worldwide gas supply (2,950 bcm).

As LNG is a liquid rather than compressed gas, spilled LNG would vaporize rather than explode. This guarantees a high level of sedurity: in the entire lifespan of LNG industry, there have been only two accidents at a liquefaction plant but no significant accidents have occurred at tankers or regasification terminals.

The LNG industry since 2005 has achieved a growth rate (CAGR) of 8.5% and it is believed that world LNG trade will reach 200 Mil metric tons (260 bcm) in 2009.

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