Commodities
World Lacks Enough LNG for Energy Transition, Key Trader Says
- Mitsui has LNG projects in the US, Middle East, Africa: Hori
- Firm also eyeing several types of energy transition projects
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Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel.
“Announced projects in the world still won’t make up for the supply needed when considering the energy transition that will take several decades,” said Kenichi Hori, president of Japanese trading house Mitsui & Co., in an interview in Tokyo last week.