China’s weakening appetite for super-cooled natural gas is raising concerns that the industry is facing a glut as global supply grows. “Downside risks appear to be growing,” according to a report Tuesday by the Office of the Chief Economist in Australia, which is predicted to become the world’s largest supplier of liquefied natural gas later this decade with the start of six new projects. Lower demand for gas in China and more supply moving into the country from Russia and Central Asia, on top of a downturn in the oil market, are weighing on LNG prices. The weaker-than-expected outlook hurts suppliers in countries such as Australia and Papua New Guinea. Chinese LNG buyers will probably struggle to digest all the fuel that they have agreed to purchase, according to a Citigroup Inc. report Monday. Proposed LNG export developments face the risk of delays, the analysts wrote. China’s imports in […]