Senior executives at Sempra Energy were in August dissecting the future for U.S. exports of liquefied natural gas (LNG), given 2020’s severe downturn in global energy markets.
They spoke to analysts on a quarterly earnings conference call with a basic message that the nation’s energy glass is half full. A second wave of global LNG demand is coming in the mid-part of this decade, they said.
CEO Jeffrey Martin noted 80% of future energy demand would come in the developing world. The pandemic’s roughshod run over the markets is an opportunity for those able to see it and capture part of the future market, Martin told analysts.
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