LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite fears that the LNG market would collapse under a massive glut of gas, the supply/demand balance for LNG is a lot tighter than expected. A new report from Columbia University’s Global Center on Energy Policy argues that a group of about a dozen relatively small countries have popped up to buy some of those LNG cargoes, relieving the market of its expected glut. On their own, each individual country is a bit player in the global market for LNG. Collectively, they only accounted for 3.3 percent of total LNG imports in the world in 2014, but they have taken on a majority of the growth in imports since then, accounting for 57 percent of the total increase in imports […]