The LNG industry has been turned on its head by forces that could not been foreseen just few years ago. Continuous drop in demand for gas in Asian markets (down by 2 percent in 2015), excess supply from Australia and the United States, new pricing and a contractual framework have fundamentally changed the long-established LNG business model. Yet, in 2015 LNG global trade reached 250 million tonnes per annum (MTPA), making it a market worth more than $120 billion. Natural gas trade grew at 2.6 percent annually between 2000 and 2015, reflecting the overall trend of rising global demand for lower carbon energy. Today, these contradictions make the LNG business both unpredictable and full of uncertainties. A key question is how does U.S. LNG fit into this new global market? EIA forecasts that American producers will play a larger […]