TAMUQ hosts discussion on LNG industry

Doha: Students and faculty members of Texas A&M University at Qatar (TAMUQ) took part in a session examining the current and future state of the world's liquefied natural gas (LNG) industry.

Alice Acuna, Senior Vice President for Shell's global LNG marketing and trading business, presented Shell's LNG Outlook publication for 2023, which examines key trends in the global LNG industry.

"Qatar is a world-leader in LNG production and supply, and recent events have shown the need to strengthen security of this important resource. Speaking to the students at TAMUQ is an opportunity for Shell to share our knowledge and insights with the future leaders of the energy industry," she said at the event.

Europe's increased need for LNG looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell's LNG Outlook 2023.

The report also states that European countries, including the UK, imported 121 million tonnes of LNG in 2022, an increase of 60 percent compared to 2021 enabling them to withstand a slump in Russian pipeline gas imports following its invasion of Ukraine.