LNG

World LNG market will remain tight next year – Woodmac

The global LNG market is undergoing a “modest rebalancing” and should remain tight this year and next amid high seasonal demand in Asia, Wood Mackenzie has said
By Staff reporter 8 June 2018 0 31210

The global LNG market is undergoing a “modest rebalancing” and should remain tight this year and next amid high seasonal demand in Asia, Wood Mackenzie said on Thursday.

“Record demand from China absorbed a large part of the additional 33 mt of LNG supply in 2017, but can it continue to support the market?” said Massimo Di Odoardo, the consultancy’s vice president for global gas and LNG.

“We think yes through to winter 2018/2019, and while there will be a market shift in summer...