G7 climate ministers drop language on growing LNG demand in draft

A previous draft communique for this week’s meeting of G7 climate change and energy ministers had said ‘demand for LNG will continue to grow’

Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for liquefied natural gas , instead noting there may be “considerable uncertainty” for consumption.

“We recognize that, based on the IEA’s analyses, there would be considerable uncertainty for future demand of natural gas and LNG and consequently there are risks of supply and demand gap to be addressed,” the document dated April 5 said. It was not clear from the document why the language was changed. But Italy, Germany, France and the European Union had opposed the initial proposal on LNG demand increasing, the draft showed.

Japan plans to keep LNG as a transition fuel for at least 10-15 years, and many Japanese companies are exposed to super-chilled gas projects globally.

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