The outlook for the oil and gas industry in 2019
The LNG era takes shape
The LNG era takes shape is a special report from DNV GL’s research on the outlook for the oil and gas industry in 2019. Based on surveys of nearly 800 senior oil and gas professionals, and nearly 300 LNG industry players, the report reveals the implications of the world’s rapidly growing appetite for LNG, the diversification of LNG supply and demand sources, and new dynamics at play in global gas markets.
Key findings include:
- 85% believe several new LNG infrastructure projects will need to be initiated in 2019 to ensure supply can meet demand post-2025.
- Seven in ten (69%) believe price uncertainty is limiting mega-project investments in LNG.
We also reveal how new thinking is emerging to ensure that a rapid evolution in demand and supply can be met. This includes signs of the sector opening up to new players, contracting models and pricing strategies. These are coupled with more nimble and cost-efficient approaches to LNG production.