Global LNG supply on rise; project costs falling

02/23/2009
Global LNG supply by 2013 will jump as nearly 100 million tonnes/year (tpy) of liquefaction projects currently near start-up or under construction come on line. In a global market that for the first time faces an abundance of LNG supply, vessels, and regasification, prices will move toward convergence.For new projects, debt financing will be available, even as the world’s financial markets struggle to recover from collapse. Project developers, however, may have to accept more onerous terms and offer lower risk to participating banks. At the same time, projects costs, which in late 2008 began to move lower, will continue to back away from the unsustainable levels of last year.Natural...
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