Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift prices, said participants at the ninth China International Oil and Gas Trade Congress. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We estimate that around 97 million mt/year of production capacity FID have been delayed due to the slump in LNG prices, which is expected to result in tight supply of LNG in the global market in the future,” said Zheng Jun, deputy General Manager with PetroChina International. JKM, the benchmark price for spot LNG in Northeast Asia, dropped to below $2/MMBtu over […]

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