Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 11 & 12 : 9-Jan-24

Bernstein Research has forecast that a looming increase in global LNG supply could potentially see prices fall by up to 47 per cent by 2027. The firm notes that global supply is set to increase by about 140 million tonnes by the end of 2024, and this is set to be sustained for the next three years. Neil Beveridge of Bernstein says the global LNG market is reaching a ‘turning point’, and it will revert from being net short to net long in the next several years. Australia exported a record $92.2bn worth of LNG in 2022-23, but expectations of lower export volumes and prices would have a significant impact on future government revenue.

CORPORATES
BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT