BP's Dudley warns on LNG trade war vulnerability

Insecurity in global trade flows could have a particularly damaging impact on confidence in LNG as an energy source

Trade tensions could impact on LNG's prospects as the world transitions to cleaner energy sources, by encouraging countries to resume a dependence on domestic resources rather than imports, BP chief executive Bob Dudley told the LNG19 conference in Shanghai today. "Gas is affordable, abundant, cleaner and easily transportable thanks to LNG", says Dudley, while noting that global trade in the liquefied gas is set to more than double from 400bn m³/yr to around 900bn m³/yr by 2040. But trade wars only serve to remind countries that becoming dependent on imported energy can create political risk. "Countries need to have confidence in the security of their gas supplies," says Dudley. BP has resea