IEA launchees Medium-Term Gas Market Report 2016

The context for global gas markets is changing rapidly, raising new challenges for industry and policy makers alike. The slowdown in Asian gas demand that started in 2014 intensified in 2015, prompting a rare decline in the region’s LNG imports and pushing prices to new lows. As the world prepares to welcome a large wave of new LNG projects, market players are left with one burning question: where will all that gas go?
Heavily oversupplied markets in the short term have triggered sharp investment cuts across the industry; if under-investment persists it could sow the seeds of a classic bust-boom commodity cycle. Unlike previous downturns, however, this time there is greater uncertainty about future demand prospects. …

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