President and CEO Shuja Zaidi delivered his speech at SMI'S 6th Annual Conference at London on 26th Feb 2004. He said that LNG industry which started its origin on experiment basis from the USA in 1950 with its first cargo delivered in the United Kingdom in 1959. The commercial deliveries started from Algeria to the UK and France between 1964 and 1965. The oil embargo of 1973 lead to the further development of LNG supply and the market. The supply of the LNG increased from Alaska, Brunei and later from Indonesia, Malaysia and Australia to Japan and Korea.
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