Natural gas oversupply creating buyers' market

08/03/2009
Natural gas buyers everywhere stand to from the current global gas oversupply. The timing, duration, and extent of the oversupply, however, will vary between regions, with different implications for different sellers and buyers. The current market favors buyers that can access spot gas, while others are likely to be overcontracted, with associated competitive and contractual problems.BackgroundWhile many factors have shaped the global gas market in recent years, some stand out:Expectations of robust economic growth triggered huge growth in gas demand expectations globally.Declines in North American production led to a massive anticipated increase in LNG import requirements.A lack of proje...
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