LNG Market to Be 20.4bcm Long in 2019

The world’s LNG market is likely to be oversupplied this year by 20.4bcm – around 4% more than demand – due to surging global output and rigid contract conditions, Australia’s ANZ bank said.

ANZ expected global LNG supplies to rise 32m tonnes to 371m tonnes this year, while demand was only likely to rise by 17m tonnes.

“The LNG market has hit a roadblock as capacity expansions…

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