FOLLOWING the large chunk of new liquefied natural gas(LNG)supply due to come on stream by 2011-around half in Qatar-incremental supply growth will slow drastically for at least two years(PE 5/08 p8).It takes between three and four years from final investment decision(FID)to construct an export project.So,assuming projects are not unexpectedly delayed,it is a straightforward matter to project the evolution of incremental supply up to four years afjead.But only five FIDs have been taken since the start of 2006,representing just 19m tonnes a year(t/y)of new supply.
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