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LATEST THINKING

Gas grows up

It’s a buyers’ market for LNG. Leaders will be creative, agile—and adapt quickly to compete.

Overview

The future for Liquefied Natural Gas (LNG) for the next 5-10 years looks set to be a buyers’ market.

Accenture's new LNG report series explores the changing global demand landscape—particularly in Japan, South Korea and China.

How can LNG producers and marketers take advantage of these demand shifts in the next five to ten years?

VIEW REPORT 1: GAS GROWS UP

Implications

There are six core implications of the demand shift for producers and marketers of LNG:

  1. Protect market share in Japan, South Korea, China and India

  2. Diversify to other markets and smaller customers

  3. Prepare for a very different competitive landscape with non-traditional players exporting and trading U.S. LNG

  4. Build flexibility in contract portfolios through trading and midstream

  5. Invest in science, technology, and engineering for small scale LNG and new applications

  6. Drive down the costs of delivered LNG

"Producers and marketers need to act now to increase their competitiveness in a market where supply will exceed demand, where markets are more global and where customers are geographically diverse and numerous."

Recommendations

LNG producers and marketers will succeed if they can:

MEET THE EXPERT

Melissa Stark
Managing Director, Energy Accenture

Melissa Stark is a Managing Director in Accenture’s Energy industry group. Her focus is on the changing natural gas market, the sustainable development of unconventional energy resources, and the development of alternative energy sources.

Melissa has almost 22 years of experience working across all sectors of the energy industry, primarily in R&D/technology, investment and decision support and supply chain. Melissa has authored many papers on Unconventionals and New Energy topics over the last 10 years. She has published articles and spoken at conferences around the world including US, Canada, UK, Netherlands, Spain, Poland, Germany, Qatar, South Korea, China, Russia, and Argentina.

Melissa has served as Assistant Chair of Technology for a US National Petroleum Council study. She is also on the World Petroleum Council UK National Committee and a member of the Society of Petroleum Engineers.

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