The development of liquefied natural gas (LNG) export capacity in countries such as the US and Australia is transforming gas into a “global energy market” and creating opportunities for countries such as South Africa to diversify its energy mix and bolster security of supply. This is the view of International Gas Union (IGU) president David Carroll, who participated in the organisation’s executive committee meeting in Durban this week. He told Engineering News Online that the addition of significant LNG export capacity globally had already led to more affordable gas prices, as well as the prospect of “moderate pricing until supply and demand becomes much more balanced”.
