ShareThe IIR makes its mark in LNG
In line with our objective to remain at the forefront of developments in the field of cryogenics the IIR, in partnership with the lnternational Gas Union (IGU), and the Gas Technology Institute (GTI), organizes triennial LNG conferences across the globe.
Each LNG conference is a pre-eminent world event, showcasing the continued growth and development of the LNG industry.
This unique series of conferences focuses on the technical and commercial aspects of the LNG industry, gathering thousands of professionals, numerous exhibitors and the most influential global energy companies all in one place.
Following on from past success, the next LNG conference, LNG18, will be held in Perth, Australia, in April 2016.
Australia: The ideal location for the upcoming LNG conference
With its growing production, Australia is increasingly important as an LNG supplier, particularly in the Asia Pacific region. Audacious projects such as Shell’s Prelude FLNG (floating offshore liquefaction) and others already underway will boost annual capacity to 86 million tonnes before the end of the decade and are likely to make Australia the world's largest LNG producer, making it the ideal location for the upcoming LNG conference.
"Australia is currently the third largest exporter in the Asia Pacific region and the fourth largest LNG exporter in the world. With abundant reserves, a strong and stable industry and based on existing, committed and proposed projects Australia will be one of the leading LNG producers in the world."
Grant King, Chairman, LNG 18 National Organising Committee.
Subsequent to LNG18, the next conference will take place in Shanghai, China, in 2019, another booming LNG market.
Find out where the LNG conference in 2022 will be located during the vote at LNG18.
We look forward to seeing you there! More information on LNG18 2016.
The IIR makes its mark in LNG
Liquefied natural gas is part of the hydrocarbon energy industry and it is also the largest user of cryogenics, one of the areas covered by the IIR and its members. With the market growth and diversification of usage it is rapidly becoming a key field for us.
The IIR is also involved in more modest projects such as Innocold in Dunkirk, France. This project aims to generate wealth through innovation around the LNG terminal currently under development.
LNG: Why now?
The number of countries trading LNG is climbing fast: 30 importing countries and 19 exporters in 2014 according to the GIIGNL.
New uses are emerging such as fuel for shipping.
Interest in the cryogenic liquefaction of gases lead to the creation of the IIR more than 100 years ago, so methane liquefaction has always been a focus of the IIR.
There are multiple uses and it’s a much cleaner energy alternative than coal or petrol in terms of air quality and the greenhouse effect. Natural gas is, for the medium term at least, expected to retain its market share among other sources of energy. For reasons of geostrategy and market fluidity LNG has an increasing share of international gas trade with the balance being by pipeline: 10% today, compared to 4% in 1990.
Abundant global investment in LNG has been made both by LNG exporters and importers. Regasification plants in importing countries have large quantities of cold available, that is hardly, if at all used. Several projects aimed at exploiting this wasted energy are currently emerging.
For more economic information on LNG, check out our Partners’ Market Reports.