Headwinds Loom for LNG Consumption
The situation is way more serious than many dare to suggest. We are still suffering from multiple overhangs that have occurred years ago. And quite unexpected mop-up events in the market have delayed the full consequences of those so now when oversupply finally comes in earnest, effects compound. LNG producers can try all kinds of creative fixes and patches but the fundamental problem remains. There is either too much supply or not enough demand – depending on where you stand. They can limit supply or they can try new ways to build new market. And Asia is running out of miracles. When will they be ready for the juicier stuff?
