Global LNG market could face oversupply issues within two years, report says

Falling demand for liquefied natural gas in major importing markets, the reduced prominence of LNG in emerging economies’ energy plans and a surge in new projects could lead to oversupplied LNG markets within two years, a new report finds. In its annual “ Global LNG Outlook ” report published on Thursday, the Institute for Energy Economics and Financial Analysis – a think tank focused on energy policy research – says global LNG markets could soon be oversaturated, predicting tumbling LNG...