Significant changes loom over the global gas and liquefied natural gas (LNG) market in 2016, as emerging players backed by huge reserves start to elbow established suppliers aside. Will a sanctions-free Iran, home to the world's second-largest gas reserves, realize its regional supply agreements? And how will Qatar, the world's largest LNG exporter, react now that both the U.S. and Australia are capable of stealing its crown by 2020? Questions abound, but there is a level of consensus among energy professionals. It is likely that there will be a rise in LNG spot market activity in the three primary hubs over the coming year; Europe, the Middle East and Asia and the U.S. Prices are expected to stay depressed by the over-supply throughout 2016 at the very least, but most likely until 2019 as an already abundant supply is swamped by volume from emerging suppliers, notably the U.S. and Iran.
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