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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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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…