How LNG industry has grown in the last 50 years

By Hansa Venkateswaran

Ever since MV Methane Princess delivered the world's first commercial LNG cargo from Algeria to the UK's Canvey Island regasification terminal on 12 October 1964, momentum has gained. Fifty years later, the industry has mushroomed from this single trade to more than 400 trade routes involving 45 countries. Now, a major part of the global energy industry, it is believed LNG will remain one of the fastest-growing commodities for the next five decades. Hansa Venkateswaran sketches out the rise of LNG.