(b) Liquefied natural gas trade
Global LNG shipments are expected to rise by 5.0 per
cent in 2014, supported by growing supply capacity in
the Asia–Pacific and eventually from the United States.
New fields are coming on stream in the Caspian region.
Production in Western Asia and Africa (for example,
Israel, Mozambique and the United Republic of
Tanzania), and in the longer term in China, developing
America, North Africa and parts of Europe will be
sustaining growth. The United States is emerging as
a potential world leading exporter of LNG, with the
country expected to build over 200 million tons per year
of LNG capacity (equivalent to 2.5 times the capacity
of Qatar) (Shipping and Finance, 2014). Projects with
a view to production and exports are also planned or
under construction in Australia and Indonesia, while
Malaysia and Singapore are constructing bidirectional
terminals for import and export of LNG (Shipping and