Ras Laffan Attack Shatters Illusion of Global Gas Abundance ...Middle East

OILPRICE - Economy
Ras Laffan Attack Shatters Illusion of Global Gas Abundance
source : OILPRICE ( Middle East ) () 36
The dominant narrative over the last two years in global gas markets has been one of impending abundance; everyone was warning of an upcoming LNG tsunami. Market analysts kept pointing to a wave of new LNG supply, mainly driven by expansions in Qatar, the United States, Canada, and parts of Africa. The world was clearly in their mind heading toward a glut by the late 2020s. Commodity markets and analysts, backed up by algorithms and Excel sheets, all predicted that prices would fall, flexibility would increase, and energy security concerns would…

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