Shifting LNG patterns leading to contract diversification
You think we have seen the worst? Sit tight. It has taken us 10 years to get into this mess, and it will take 10 years to sort it out. The current wave of oversupply is just the first signs of a cataclysmic oversupply situation forcing prices even lower. The real fun starts when even Europes deep storage is full. We need new uses for the gas. Encouraging conversion of truck fleets towards LNG as a fuel could be very fast and would soak up significant volumes. Since we have lowered excise tax in Austria as per January 1st. its a prime destination for ding such a thing in Europe. Convert 5% of European trucking to LNG and the oversupply gets stunted and prices rise. That’s what you need producers so what are you waiting for?
ICIS Explore 
