It’s written in stone for global gas. Oversupplied, years to absorb the surplus, prices depressed. Buyers, sellers and traders have coalesced around a uniform view, that it’s a buyers’ market and only the lowest cost suppliers can thrive.
Our view is that life will be tough for the next three years, but the worst could be over after 2020. Then the market should begin the process towards tightening and LNG prices will rise to incentivise the new supply needed to meet strong demand growth.
