The LNG Glut and the Golden Age of Gas, Part 1 ‘Where are all the LNG postponements?’ was the puzzled, plaintive warning heard from Oil & Gas experts Wood Mackenzie last September. Besides the new Australian and American terminals preparing to ship out well over 100 Mtpa (Million tones per annum), of LNG, a second wave that size was making its way through the permitting process. If there weren’t any postponements soon, the consultants warned, ‘. . . the market could see an additional 100 Mtpa of LNG sanctioned in the next six to 18 months, expanding the likelihood of an oversupply of LNG in Asia to 2025.’ It may not have been the first warning about the developing LNG glut, but its tone was the most disturbing, like a fire alarm. So far that year’s only postponement in the U.S. had been BG Group’s Lake Charles terminal in […]