LNG glut may last 10 years

Original article by Matt Chambers
The Australian – Page: 20 : 7-Dec-17

Most analysts expect rising demand for LNG to result in a global shortage by 2023. However, Macquarie Group has forecast that the current global oversupply could potentially last until 2027. The prospect of increased output by countries such as the US, Russia and Qatar are among the factors that could contribute to the oversupply being sustained for longer than anticipated. Meanwhile, new data shows that the three LNG projects in Queensland shipped 1.704 million tonnes in November, compared with 1.68 million tonnes in October.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, ROYAL DUTCH SHELL PLC, SANTOS LIMITED – ASX STO, ENN GROUP

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