The global market for liquefied natural gas (LNG) will double in the next eight years, the head of
Madrid: Mohamed Meziane, the chief executive at Sonatrach, also forecast that world LNG shipments will expand by eight per cent annually until 2020 as the volume of LNG spot trades grows on international markets. Last year, the value of global LNG trade was about US$63.7 billion (Dh233.8bn), based on figures published in the BP Statistical Review of World Energy. Mr Meziane's projections suggest that the market could grow to at least $127bn by 2016, and possibly much more in the light of rising gas prices. Mr Meziane's forecast, reported by Dow Jones Newswires, followed news that Exxon Mobil, the
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