LNG demand to rise 25-50% by 2030, fastest growing hydrocarbon - Morgan Stanley

SINGAPORE (Reuters) - Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.

Morgan Stanley has raised its long-term LNG price outlook to US$10 per million British thermal units (mmBtu), expecting spot prices of the super-chilled fuel to average 40% higher over the next decade, versus the past five years.