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A significant influx of liquefied natural gas (LNG) supply is set to reshape global markets, with projections indicating an extended period of oversupply by 2026, potentially driving prices below $10. The U.S. and Qatar are expected to dominate the market, while demand growth in the Asia-Pacific region remains modest at 5% annually, primarily from China, India, and South Korea. Challenges loom as existing Russian gas contracts to Europe expire in 2024, necessitating increased LNG imports and tightening the global gas balance.
Anan Dhanani
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global lng market faces oversupply as new supply reshapes dynamics
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06:34 23.10.2024
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