LNG looks to digitalization to ease the pressure of a tight fiscal market

Natural gas, as the cleanest-burning hydrocarbon and in its abundance, is a significant part of the future energy mix. Between now and 2035, natural gas demand is expected to grow at an average of 2%/yr, twice the rate of total global energy. According to Royal Dutch Shell’s “LNG outlook 2018,”1 strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in LNG use in 2018, with global demand rising by 27 metric MMt to 319 metric MMt. Shell expects demand to reach approximately 384 metric MMt in 2020. To meet this demand, more than 120 large LNG facilities are at various stages of planning. To secure commitment to build or take a final investment decision (FID) on these p