WEAK LNG DEMAND
PLATTS - 14 Feb 2020 - LNG producers were encouraged Friday to shut in some supply amid the global glut that is helping drive down prices in Asia, or push more volumes to markets beyond Europe, perhaps Latin America.
The takeaway from the final day of the 19th annual S&P Global Platts LNG Conference in Houston was that something has to give, and soon, to allow for more liquefaction projects to be built in time to fill a projected supply shortage around the middle of the decade.
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