Weaker-than-expected demand has hit the once-buoyant liquefiednatural gas(LNG) market, but 18-year-low prices have their upside, as the slump is attracting new customers.
Speaking at an industry conference in Perth, market insiders said current low prices are luring new importers and will encourage substitution.
South Africa and South America, for instance, are looking at importing LNG to help alleviate energy shortages, said Graeme Bethune, chief executive of consulting firm EnergyQuest.
