APPEC-Baker Hughes sees global required LNG capacity at 800 mln tonnes by 2030

Oil and gas services giant Baker Hughes Co sees the need for global liquefied natural gas (LNG) capacity to rise to 800 million tonnes by 2030, more than double current capacity, its chairman said on Monday. Baker Hughes sees strong prospects for gas in the transition to cleaner energy, with LNG combined with carbon capture and storage helping to reduce the industry's carbon footprint. "We've taken up our estimate of the required installed base of LNG by 2030 up to 800 million tonnes," Chairman and Chief Executive Officer Lorenzo Simonelli said at the Platts APPEC 2021 conference.