Opportunities and Challenges for Liquefied Natural Gas (LNG)
New Horizons in Environmental and Energy Law series
Chapter 1: The role of natural gas and LNG in the 21st century
As the world entered the 21st century, policy makers around the globe were grappling with issues related to energy security, energy poverty, and an expected increase in future demand for all energy sources. At the same time, concerns about climate change and reducing greenhouse gas emissions emerged as primary issues to be addressed in the search for a sustainable energy future. Regarding it as a clean-burning fuel, many business and policy leaders began to look to natural gas to meet growing energy demand using more environmentally sustainable fuels. As will be discussed in detail in Section 1.5, an important aspect of the increased role of natural gas is the growing importance of LNG, which offers a critical solution for global gas markets in terms of moving natural gas from where it is found to key demand markets. During the first decade of the 21st century, natural gas demand increased significantly, as did LNG’s share in worldwide natural gas trade.