The LNG and natural gas market is facing a supply glut that could last till the end of 2020. The current buyer’s market has resulted in increased liquidity and spot market play, posing real challenges on traditional contracting patterns and business models.
At the same time, a slowdown in demand from traditional import giants such as Japan, China, South Korea, coupled with new gas exports from U.S. and Australia, has made it imperative for suppliers to seek new markets to stay ahead.