LNG market could get worse before it gets better
This update summarizes the discussion at LNG Global Congress Americas, a liquefied natural gas conference held in Houston in May and June 2017. During the current oversupplied global market, offtakers are having to sell their supply even with a depressed market, but demand is growing. United States...
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| Alternate Title: | Liquefied natural gas market could get worse before it gets better |
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| Main Author: | |
| Document Type: | Press release |
| Publisher: | Kenai Peninsula Borough. Mayor's Office |
| Date: | June 8, 2017 |
| Series: | Alaska LNG Project updates
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| Subjects: | |
| Online Access: | View Full Text View Full Text |
| Library Holdings: | Print Versions |
| Summary: | This update summarizes the discussion at LNG Global Congress Americas, a liquefied natural gas conference held in Houston in May and June 2017. During the current oversupplied global market, offtakers are having to sell their supply even with a depressed market, but demand is growing. United States LNG exporting will not reach full utilization for six or seven years. Creditworthiness of some buyers and shorter term of contracts mean more risk to sellers. The article closes on investment decisions that are in the works for supplying the market in the 2020s and 2030s. |
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| Physical Description: | 5 pages |
| Notes: | This update is provided to keep the public informed about the Alaska LNG Project. |