LNG market not oversupplied… yet

The global LNG market may remain balanced in 2017 despite the huge supply glut The global LNG market may remain balanced in 2017 despite the huge supply glut.
By The Wildcat 3 March 2017 0 24456
The completion of an onshore terminal at Tianjin will free up an FSRU. (CNOOC)

A cold winter in Europe and nuclear outages in France saw the continent competing with Asia for LNG cargoes this winter, causing prices to rise despite around 50 mtpa of new export capacity having been added to the market since 2015.

The situation has boosted the confidence of LNG suppliers that the global market might be able absorb the LNG supply wave – with some players already looking to take FIDs on their next projects.

Speaking at the International Petroleum Week conference last week, executives from LNG...

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