[Singapore 26 Reuters]-International Energy Agency (IEA) Executive Director Virol said on May 26 that this year the investment in liquefied natural gas (LNG) will reach a record $ 50 billion.
The industrial sector is the largest LNG driver in Asia. China is also expected to become the world's largest LNG importer over the next five years.
Mr. Birol attended the annual LNG Industry-Consultation Meeting held in Tokyo where ministers, companies and international organizations from LNG producing and consuming countries gathered.
At that time, he pointed out, "(finally decided investment plan) has reached $ 50 billion for the first time this year and has already set a new record." “The biggest growth is in China, and within a five-year period, China will account for about one-third of global LNG demand.”