For LNG, the Moment of Truth Is Now
drilled.media
On LNG it’s the late 90s all over again and there are two paths before us, except this time the industry’s machinations are out in the open, and decisions made in the next 6 months will determine what the world looks like in 50 years.
    • MrMakabar@slrpnk.netEnglish
      4·
      2 years ago

      Not necessarily. LNG prices have been falling to pretty much 2020 levels. So less profit. The other factor is consumers. The big ones are Japan, China, EU and South Korea. The EU has falling gas and LNG demand. China does not want to be depended on US LNG. Japans natural gas consumption has decreased every year but 2017, since 2014. For South Korea it looks like gas consumption might also fall.

      So there is reason for hope.