NGW Magazine: Timera Warns of Five-Year Supply Glut
The LNG market is in the early stages of an unprecedented ramp-up in supply with global liquefaction capacity set to rise by more than 50% by 2022, according to a recent briefing note by London-based consultancy Timera Energy.
A total of 205bn m3/year (149mn metric tons/yr) of new liquefaction capacity has taken financial investment decisions (FID) and is either being built or it has come on stream since 2015.
Two years on, the world is only...
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