7/2/2008

The global LNG market will double by 2016 and grow 8% a year until 2020, said Mohamed Meziane, CEO of Sonatrach, Algeria's oil and gas company. The volume of LNG spot trades will also grow, he said today at the World Petroleum Congress in Madrid. He also downplayed reports that the Gas Exporting Countries Forum is planning to create an OPEC-like cartel of gas exporters.

Related Summaries