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SocGen forecasts 10% growth in LNG export capacity

The LNG market is at a turning point, according to Société Générale, which has forecast strong growth in export capacity The LNG market is at a turning point, according to Société Générale, which has forecast strong growth in export capacity.
By Andreas Walstad 4 October 2017 World / LNG 0 27833
Bar chart of Societe Generale LNG demand growth forecast, 2016 vs 2020.

Global LNG liquefaction capacity will grow by an average of 10% between 2015 and 2020 compared with 2% between 2010 and 2015, according to a report released by Société Générale this week.

The forecast is based on LNG projects under construction and in operation, the bank said. 

“The next few years will see tremendous LNG supply growth, this will trigger a period of oversupply as demand growth rises to take advantage of...