Global LNG Supply Surge Threatens Near-Term Price Slump ...Middle East

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Global LNG Supply Surge Threatens Near-Term Price Slump
source : OILPRICE ( Middle East ) () 32
New LNG export projects coming online and ramp-ups of recently commissioned facilities are expected to drive a 10% jump in global LNG supply this year, as the market shifts from tightness to abundance, analysts tell Reuters.  The supply growth, mostly from the top two exporters, the United States and Qatar, is set to depress Asian spot LNG prices and Europe’s benchmark gas prices at the Dutch Title Transfer Facility (TTF).     While lower prices would weigh on the profit margins of the U.S. exporters, they would incentivize…

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