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BP plc
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BP Energy Outlook 2030
| Bob Dudley | Page 53 of 11 |
November 21, 2024
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251 BP 2013 205with LNG playing an ever larger role Gas trade between regions continues to grow ( 3.7% p.a. from 2011). Europe remains the largest net importer, and accounts for the largest increment in net imports ( 18 Bcf/d). Russia remains the largest net exporter 226 predominantly to Europe. LNG contributes an increasing share of trade. LNG production grows by 4.3% p.a., accounting for 15.5% of global gas consumption by 2030 . On a regional level, Africa is set to overtake the Middle East to become the largest net LNG exporter in 2028. Australia, with a wave of large projects coming on stream from 2014, expands LNG supply by 15 Bcf/d, overtaking Qatar as the largest LNG supplier by 2018 and accounting for 25% of global LNG production by 2030. Inter -regional pipeline trade grows by 3.0% p.a. to 2030, and like LNG trade, sees its share of consumption rising. Energy Outlook 2030 53