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2014-10-02 20:05:00

LNG AT RISK

LNG AT RISK

Liquefied natural gas projects in Africa, Canada and Australia face delays or even cancellation as global demand growth slows and U.S. output increases, according to Goldman Sachs Corp. (GS)

Worldwide demand for LNG will grow 5 percent on an annual compound basis by 2020, and 4 percent by 2025, Goldman Sachs analysts including Mark Wiseman in Sydney said in a report e-mailed today. The bank previously forecast growth of 6 percent and 5 percent, respectively.

Even the U.S., where Goldman expects final approval for more than 40 million metric tons of new gas production annually over the coming years, will not…

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Tags: LNG, U.S., GAS, CANADA, AUSTRALIA, CHINA,
Chronicle:
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