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...