O&G Market Notes (February 2016)
In today’s evolving liquefied natural gas (LNG) landscape, demand is dwindling in traditional markets, while supply is expected to proliferate in other emerging areas.
Australia is slated to become the world’s largest exporter, and North America is ramping up production for new projects—projects that were approved during a time of sustained high oil and gas prices. But times have changed. Demand for gas continues to stagnate in Europe, and in Asia, Japan, and South Korea are seeing related challenges.
So, if the traditional LNG markets are no longer the source of new demand growth, where should LNG suppliers look for new customers?
In this month’s Oil & Gas Market Notes, Richard Bass examines what’s next for LNG, analyzing new opportunities as the market shifts.