Cooperation is needed to meet rising LNG demand, execs says

04/16/2013 | Oil & Gas Journal

Suppliers and buyers of liquefied natural gas worldwide need to cooperate to meet growing demand for the fuel, several industry executives said during a conference in Houston. Demand for LNG is expected to triple by 2040, said Richard Guerrant, ExxonMobil's vice president for LNG. The "industry has the responsibility to bring supplies to market" both to maintain the affordability of the product and to meet rising demand, said Joseph Geagea, Chevron Gas & Midstream's president.

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