LNG glut may not be as bad as expected – BNEF

By Staff reporter 14 September 2017

The looming glut of LNG may not be as big or last as long as initially thought, according to Bloomberg New Energy Finance (BNEF).

This is largely a result of strong growth this year in LNG demand, which has reached its highest level since the Fukushima accident in 2011.

BNEF expects there to be 87 mt of excess capacity in 2020, equivalent to around 28% of demand. The previous outlook put the excess capacity at 131 mt, or 48% of demand.

This means the market is...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up