ConocoPhillips (COP) executive says expect to see destination free shipping contracts grow to 50% of LNG market by 2030, up 25% from a decade ago
Newsquawk Staff ·
- In Doha, projects gas demand to grow 2-3% annually, with energy demand seen growing 4-5%.
What it means
ConocoPhillips projects a significant shift in the LNG market, with destination free shipping contracts expected to rise to 50% by 2030. This growth underscores a broader trend in energy demand, with gas demand anticipated to increase by 2-3% annually. This shift could impact pricing and investment strategies in the energy sector, particularly as it reflects evolving consumer preferences in fuel procurement.
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