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CERAWeek: LNG industry struggles with oversupply

03/22/2010
By Warren R. True
Global LNG players are struggling with the current abundance of LNG capacity and the companion spike in supply from unconventional sources, mainly shale gas in North America.At CERAWeek 2010 in Houston on Mar. 10, a panel of LNG experts addressed the near and midterm effects of the surplus in natural gas supply.IHS CERA's viewIHS CERA's LNG specialist Rafael McDonald said the current glut of gas came about from an unexpected confluence of factors.Clearly, the industry could see greater LNG supply coming in 2009-10, based on final investment decisions taken 2004-06. Through 2008, LNG supply capacity evinced steady growth.But industry failed to foresee the growth in shale gas reserves or it...
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