Careers in Liquefied Natural Gas continue to be in demand

The oil, gas, and chemicals (O&G) industry is experiencing significant transformation driven by factors such as energy transition, decarbonisation, digitalisation, and business model reinvention.

Despite the above, jobs in O&G are still in demand. In this article, we will break down the crucial role Liquefied Natural Gas (LNG) plays in meeting energy needs in 2024.

What is the future outlook for oil and gas?

According to the US Energy Information Administration (EIA), global production of petroleum and other liquid fuels will increase by 0.6 million barrels per day (b/d) in 2024. Several factors currently affect the O&G market.

Impacts to the O&G market include:

• Policies and measures for achieving net-zero emissions impact the industry.
• Embracing technology enhances productivity, efficiency, and cost savings.
• Industry players are reevaluating business models and portfolios. 

LNG plays a pivotal role in transformation, serving as a decarbonisation bridge, offering market flexibility, and contributing to the overall energy transition. 

Its adaptability, environmental benefits, and global trade significance, position it as a crucial component of this industry shift.

Several significant LNG projects are poised to further enhance global output. Strengthening the LNG sector contributes to the overall resilience, adaptability, and sustainability of the broader oil and gas industry, serving to increase jobs in this sphere. 

Four major global LNG projects in 2024

Below, we’ve broken down some major LNG projects happening across the globe to give a broader idea of the job prospects and career outlooks in the industry. 

1. North Field Expansion LNG Project (Qatar):

• The North Field Expansion Project in Qatar is the world’s largest LNG project .
• It aims to significantly increase LNG production capacity from the North Field, which is one of the largest natural gas reservoirs globally.
• Once the expansion is completed, Qatar’s LNG production capacity is set to rise by 85%.

2. Jafrabad Floating Storage and Re-gasification Unit (India):

• The Jafrabad project involves a floating storage and re-gasification unit (FSRU) in India.
• It enhances LNG import capacity and contributes to meeting India’s growing energy demand.

3. Rio Grande LNG Plant (United States):

• The Rio Grande LNG plant, located in Texas, is a significant export facility.
• It will liquefy natural gas for export, boosting U.S. LNG production and global supply .

4. Brunsbüttel LNG Terminal (Germany):

• The Brunsbüttel LNG terminal in Germany enhances LNG import infrastructure. 
• It supports European energy security and diversification.
• The terminal has an annual capacity of 10 billion cubic meters and is planned to start operating by the end of 2026.

These projects contribute to meeting global energy demand, improving trade, and advancing the LNG industry’s career outlook. 

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