The LNG industry’s faith in Asia’s ability to help absorb the 42 mt of incremental LNG supplies forecast to hit the market in 2019 may be misplaced given the pipeline constraints faced by the region.
The rapid growth in Chinese LNG demand in recent years has kept the market balanced by allowing China to take many of the cargoes produced by projects in Australia, the United States and Russia. However, Chinese demand growth is anticipated to slow in 2019 as infrastructure constraints kick in.
Global LNG supplies grew...
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