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Published On: Sat, Jul 16th, 2016

Major LNG Projects On the Rocks As Competition Escalates

Throughout the Pacific and East Asia, developments in liquefied natural gas (LNG) look set to upset markets and put further pressure on this expanding, though challenging emerging sector. With the world’s highest demand for LNG coming from markets in East Asia, and with major producers like Australia, Canada, Qatar and the U.S. chomping at the bit for a piece of that market, competition for LNG production and market share looks set to escalate. But uncertainty about Asian demand, particularly in China, and the likelihood of low prices over… Read Full Article

Source: OilPrice.com

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