Outlook 2016 strongly suggest these sectors will add to gas demand growth, although less for cars. * Should Canada be successful in constructing new oil pipelines to the oceans for its oil sands production, I expect another 1 percent growth in North American gas demand each decade. * In the more distant future, the opportunity to convert some natural gas supply into diesel could add another 1 percent growth to gas requirements. Our newest industry study providing a North American natural gas forecast to 2050 shows 125 Bcf/d of gas demand by 2050 (34 percent for gas-fired power generation). This represents continental gas demand growth of 50 percent from 2015. Q: As 2015 ticked down, producers were eagerly watching Cheniere Energy's Sabine Pass terminal in Louisiana in anticipation of the long-awaited first shipment of LNG from an export terminal in the continental United States. Sabine Pass is the first of multiple LNG export facilities scheduled to commence operations over the next few years. How do you envision LNG exports ultimately impacting the North American industry? To what degree will LNG demand help rebalance a supply-heavy market? How much price support can North American producers expect from LNG exports? GWOZD: I believe LNG exports will become a solid gas supply growth engine in the decades to come. Interestingly, the growth of LNG exports from the United States and Canada is not expected to bump up natural gas prices. The reason is that the extra gas demand for LNG exports will translate to extra gas supply requirements. I refer to that as the "action and the reaction." World LNG demand has jumped to 35 Bcf/d, up from 20 Bcf/d a decade ago. LNG demand is growing by 1 Bcf/d-2 Bcf/d each year. Growth could be higher if some countries phased out coal or nuclear power plants. As a result, LNG exports from around the world will be needed to provide a geographically balanced supply portfolio for end-users such as power generators and local distribution companies in the long term. I do not believe there is a race to get LNG exports on stream; rather, each LNG supply source has a place in the macro-LNG portfolio over the next century. One positive aspect of North American LNG exports is that the price paid for the natural gas will be a price that ensures producers have an appropriate rate of return for their shareholders. Otherwise, the gas will wait in the ground for another generation to consider. r