LNG market to sidestep shortages in 2020s – Inpex

Some experts are predicting that there will be no global LNG shortage in the middle of the next decade, contrary to other forecasts Some experts are predicting that there will be no global LNG shortage in the middle of the next decade, contrary to other forecasts.
By Colin Shek 28 November 2017 0 28582
LNG tanker at ningbo terminal in china A tanker at the Ningbo LNG terminal in China. (CNOOC)

Global LNG markets will not see shortages several years from now – as is widely predicted – because project developers will be spurred into taking FIDs sooner rather than later if gas demand meets bullish forecasts, a senior executive at Japan’s Inpex said on Tuesday.

“If the demand is on the predicted basis, then everyone will understand [that 2024] will be the shortage point. So there will be brave men who decide to invest,” said Nobuyuki Higashi, vice president of global energy and environmental strategy at...

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