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An LNG glut is on its way
The closure of the Strait of Hormuz and the shutdown of Qatars LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut, according to the analysis. The crisis has exposed the risks of relying on LNG supplies passing through Hormuz, prompting major Asian importers such as India, Bangladesh and Pakistan to seek alternative sources.
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economictimes.indiatimes.com
An LNG glut is on its way
The closure of the Strait of Hormuz and the shutdown of Qatars LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut,…
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theprint.in
After months of shortage, LNG glut is on its way
Unless peace talks between US and Iran fail and the Strait of Hormuz remains closed beyond July, LNG prices will see a sharp drop.
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tass.com
Bloomberg cautions of LNG surplus offer risk
The Bloomberg columnist cited data of the International Energy Agency, indicating that the total capacity of planned LNG projects worldwide is estimated at 700 bln cubic meters…
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energyintel.com
Viewpoint: Hormuz Closure Could Start to Hurt LNG From August
Analysts believe that if the Strait of Hormuz does not open for maritime traffic by early August, gas and LNG prices could soar.
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oilprice.com
Why India’s LNG Buying Surges Despite Costly Gas | OilPrice.com
India’s LNG demand is rising despite soaring prices as heat-driven power shortages turn gas from an expensive fuel into an emergency grid lifeline.