Numerous LNG projects are coming online, a race against time.

Numerous LNG projects are coming online, a race against time.:



"On the topic of increasingly globalized LNG markets, David Ledesma, Independent Consultant and Senior Fellow, Oxford Institute for Energy Studies, showed delegates at the European Gas Conference 2014 an image of Olympic sprinters crossing the finish line to illustrate the race among various LNG players.



He said it was a tale of three phases, the first up to 2014 - “short term-ism”: natural supply disruptions causing volatility, places like Yemen or Nigeria, which had had potential militancy, disrupting gas supplies; fundamental changes in domestic demand



Mr. Ledesma remarked: “We don't in the short-term what's going to happen. I believe Angola's ready to start up – is it going to, will it work? Who knows?



Or what about the 19-20 million tons of LNG which was under construction, most of it in Australia, set to start up in 2014. Again, there was also some uncertainty.



“One thing is clear in this period: potential delays"



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