A New Phase of the Global LNG Market Development:Rapid expansion of production capacity and uncertain demand prospects

摘要

The global LNG market is undergoing a structural shift. Unprecedented expansion of the global LNG production capacity is underway, although the expected demand growth does not seem to realise for several years, which is completely different from the previous expansion phases in the global LNG market. The traditional pattern of the LNG market, where LNG production facilities were constructed according to expected long-term growth of demand, was not necessarily applicable at the current expansion phase. The situation has huge implications on the market developments.