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LNG trade estimated to grow 3.4% from 2019 to 2040 - Cheniere exec

·1 min read

SINGAPORE, Oct 27 (Reuters) - Liquefied natural gas (LNG) trade is expected to grow about 3.4% from 2019 to 2040, a senior executive from Cheniere Energy Inc said at a virtual conference during the Singapore International Energy Week on Tuesday.

"Using that, we think the market needs about 100 million tonnes of new supply by 2030 and an additional 260 million tonnes per annum by 2040," said Doug Wharton, vice president of origination at Cheniere's Asia division.

"We think the market is going to continue to grow and we need to find a way to add new supply to market," he said. (Reporting by Jessica Jaganathan; Editing by Himani Sarkar)