The growing demand for LNG can be attributed to several factors. Firstly, as developing nations industrialize and urbanize, their energy needs have soared. Countries like China and India are investing heavily in LNG infrastructure to meet their burgeoning energy demands while also making commitments to reduce greenhouse gas emissions. Additionally, the shale gas revolution, particularly in the United States, has led to an abundance of natural gas, driving down prices and making LNG more competitive on the global market.
