Demand for LNG is expected to rise by 50% by 2030

 Analysts from "Morgan Stanley" for US investment research expected that the demand for liquefied natural gas will rise by 25 to 50 percent by 2030, making it the fastest growing fuel over the next decade, of which Qatar is the number one exporter in the world.

And according to what was reported by Reuters on Monday evening, Morgan Stanley raised its long-term LNG price forecast to $10 per million British thermal unit meters (Btu).

LNG prices in Asia hit a record high of $6, with demand rising ahead of winter.

Analysts at Morgan Stanley said: “At least 73 million tons per year of new projects are needed to meet demand for LNG by 2030, and this will require an additional $65 billion in new projects, in addition to $200 billion in projects.” Under construction".

"Contrary to investor expectations, the world will need more LNG in the initial phase of its energy transition," analysts said.

But analysts pointed out that "competitive technologies for natural gas are not being developed quickly enough, and there are significant benefits in reducing coal consumption, while the more environmentally friendly fuels are being marketed."

Analysts expressed their belief that "investor sentiment towards companies focused on LNG is likely to increase given better prices and returns expectations."

They said: "Demand for liquefied natural gas will outpace growth in other hydrocarbons over the next ten to fifteen years," expecting that "demand for oil will also grow."

It is noteworthy that, according to official estimates, Qatar's proven reserves of natural gas are estimated at 879.9 trillion cubic feet, equivalent to 12.9% of the world's total natural gas reserves.

Qatar is the largest producer and exporter of liquefied natural gas in the world, with a production rate of 30% of global gas production.