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In Preparation for LNG Market Downturn:
2018 for LNG market will be similar to 2014 for the oil market. The only difference is that, back in 2014, no one expected the downturn, and no one prepared for it. Unlike now in the LNG market, companies are expecting a downturn, and many of them are taking measures to reduce the impact.
In recent months, many liquefied natural gas projects have been shelved, and the number of causalities is expected to rise.
Besides the number of projects which are expected to come up online this year in Australia, USA, Cameroon, and Malaysia, the current race between US and Qatar for LNG market share could worsen the situation.
