Tough Road Ahead for the Global LNG Industry- Supply Glut Leading to a Grim Short Term Outlook
The global LNG industry is in a crucial stage of it development as a key supplier of natural gas to the world markets. Natural gas has been touted as the fuel of the future due to its clean burning nature, thereby forecasting a positive outlook for future demand. However, in the current scenario, with the economic downturn, the natural gas demand and thereby the LNG demand has slackened. Also, increases in natural gas supplies from unconventional sources have altered the...
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