The liquefied natural gas market (LNG) has a big problem: supply of the commodity is expected to outstrip demand for rest of the decade, said an analyst Wednesday.
The mismatch—bumper facilities coming on stream just as large buyers such as Japan are weaning away from LNG—casts doubts over one of the biggest alternative fuel stories in the past five years. Natural gas prices have already cratered to 17-year lows of around $1.70 per million British thermal units (mmBtu).
