Liberty Petroleum Natural Gas. Natural gas is an energy source widely regarded as clean, safe, flexible, economic, environmentally acceptable and abundantly available. It has become the fuel of choice throughout the world for household and business energy needs. With worldwide demand for liquefied natural gas expected to double by 2010, Liberty Petroleum is positioning to significantly increase gas sales internationally.
The global trade in LNG is expected to more than double by 2010. It is estimated that the world will need another four or five new production trains every year to meet this demand. Demand for LNG in Asian markets is expected to grow by 80 per cent in the next decade, while in the United States growing demand and declining alternative sources of energy are likely to result in a doubling of LNG imports.
This will be particularly noticeable in California, where 90 per cent of natural gas is imported and a considerable shortfall is predicted unless new production and importing facilities can be constructed.