A vessel carrying liquefied natural gas (LNG) cargo from Russia's Yamal LNG project, is seen at Rudong LNG Terminal in Nantong, Jiangsu province, China July 18, 2018.
The key word Simonelli used is "destination," as it implies that LNG and natural gas are in the energy mix for a long time to come.
The second bet is that the LNG industry will be able to convince government policymakers, companies and consumers that their fuel is better than the dirtier alternative of coal-fired generation.
Overall, the industry is probably correct that energy demand, especially in Asia, is going to rise strongly in coming decades.
But the LNG industry will also need to have policy settings just right and deploy technologies at a scale not yet seen to remain in the energy mix in a net-zero world.
Persons:
Stringer, Lorenzo Simonelli, Baker Hughes, Jamie Freed
Organizations:
REUTERS, Rights, LNG, CCS, Reuters, Thomson
Locations:
Nantong, Jiangsu province, China, Rights SINGAPORE, Singapore, Asia, Gastech, Vietnam, India