From Dave Sheppard, Financial Times, here…
“The LNG market is a long-term game and, while it is suffering from oversupply, that is unlikely to continue.
Gas demand globally rose almost 5 per cent last year, according to the International Energy Agency, more than double the pace of growth for oil demand.
LNG demand in particular is expected to remain strong, with many developing Asian countries lacking domestic resources or easy import routes via pipeline. As pressure builds to reduce the world’s reliance on coal for environmental reasons, LNG is likely to be one of the main beneficiaries.”