An oversupply of LNG in Asia is causing buyers to rethink how they buy the fuel and how to get the best deals.
Oil and gas prices are diverging as a rebalancing of the market helps crude recover while LNG prices remain pressured by a supply glut.
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Walvis Bay, Namibia. Progress has stalled on the port’s proposed LNG-to-power project. (Jeremy Hetzel, Flickr)
Namibia is facing a looming electricity shortage as it is failing to make progress on either its Kudu gas-to-power project or the Walvis Bay LNG-to-power project.
"They are just a total mess," one power developer, who had been looking at potential projects in Namibia, told Interfax Natural Gas Daily.