Global LNG markets to remain oversupplied into 2020s despite strong demand -IEA

Global LNG markets to remain oversupplied into 2020s despite strong demand -IEA:

"Global liquefied natural gas (LNG) markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand especially from China may tighten the market earlier than expected, the IEA said on Monday. “We will see massive amounts of new LNG capacity coming to the market ... so we will probably continue to have well-supplied markets into the middle of the 2020s,” said Keisuke Sadamori, director of energy markets and security at the International Energy Agency (IEA). “The Qataris, for example, are going to increase LNG liquefaction capacity by 30 percent by 2024, which we have not included in our 2017 gas market outlook report,” Sadamori said in Singapore on Monday."



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