LNG supply glut, price slump should raise questions over future projects
There is a hype bubble on the Asian LNG market. Pakistan seems to have found what they need in their own piece of earthly crust, Egypt has become an exporter again, Chinas growth is not as shiny anymore, Japan cranks up the nukes, … Does not look rosy. But there is another titan on the horizon and this one is going to beat Asia by an order of magnitude. LNG is used as a fuel for internal combustion engines ever more. When some years ago, a LNG fueled cruise ships was unthinkable, today its considered that no other fuel is acceptable anymore. And don’t forget trucking. Low emissions zone, no problem with LNG. The future is brighter than ever for those that want to look at the right stuff.
The slump in the spot price of liquefied natural gas (LNG) in Asia to its lowest in three years should give pause for thought to the slew of companies planning new ventures to produce the super-chilled fuel. But it probably won’t.
