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World natural gas consumption and production are expected to increase by more than 50 percent from 2005 through 2030. Asia is expected to become the world’s number one gas consumer, taking over that spot from North America, as China’s economy grows 6.4 percent annually. Non-OECD countries are expected to account for more than 70 percent of the world’s total growth in consumption and production of natural gas over the forecast period. A significant portion of the non-OECD production growth is expected to be in the form of export projects, particularly LNG projects. World LNG trade is projected to more than double by 2030, with the center of the trade moving away from northeast Asia toward an even Atlantic/Pacific basin split.
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