Flagging energy in LNG sector tipped to last until 2022-23

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 20 : 1-Jul-15

Citigroup is bearish about the outlook for the LNG industry, forecasting that a global oversupply will be sustained until at least 2022. The firm also expects growth in spot and contract prices for LNG to remain subdued in the long-term. Meanwhile, it anticipates that a number of projects in the sector will be delayed, including the Woodside Petroleum-led Browse floating LNG venture and ExxonMobil’s Papua New Guinea project.

CORPORATES
CITIGROUP INCORPORATED, WOODSIDE PETROLEUM LIMITED – ASX WPL, EXXONMOBIL CORPORATION

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