The importance of Liquefied Natural Gas in global energy market through shipping transportation
Ζαλούμη, Ελένη
Zaloumi, Eleni
Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Διεθνών και Ευρωπαϊκών Σπουδών
Kotios, Angelos
Energy: Strategy, Law & Economics
Κότιος, Άγγελος
The Liquefied Natural Gas market tends to grow rapidly at a global level. It is
clear that the LNG market will play a significant role in tomorrow's energy
market as both gas and renewable energy sources are becoming the strongest
growing energy segments in the years to come. At the same time, fossil fuel use
should be constrained until the next decade. Environmental goals could be
achieved if a specific amount of coal were displaced by gas, as among fossil
fuels, natural gas is the cleanest one. Natural gas covers 25 percent of the
world's energy needs, of which 10% is supplied as LNG. To summarize, the
role of pipeline gas has been reduced over the last decades, due to a number of
financial and geopolitical issues. On the other hand, LNG is the solution to the
above situation as it is a form of condensed ecological energy and, thanks to its
properties; LNG is able to be transported easily from continent to continent.
Last but not least, this form of energy carrier is commonly accepted.
