Global natural gas demand is set to return to pre-crisis levels as early as this year and will continue to rise in the coming years, thanks to the coal-to-gas switch in Asia, particularly China. The growing gas demand will drive more liquefied natural gas (LNG) consumption and trade, and producers are gearing up for a new cycle of final investment decisions (FIDs) on projects. The recent record-high LNG spot prices in Asia highlighted the more stable prices of the gas for LNG buyers in long-term supply contracts compared to the much higher volatility in spot prices. However, long-term supply is indexed to the inherently volatile oil prices. The term supply contracts are set to underpin the additional LNG capacity the world will need this decade and could prompt a new wave of an investment super-cycle in LNG projects. However, a possible new wave of strong investment in LNG could […]