IEA sees major shifts in global gas trade over next five years
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said Wednesday in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in major shifts in global gas trade patterns. A weak outlook for Japan and Korea – the world’s top two LNG buyers – means that new supplies will need to find other markets. China, India and ASEAN countries will emerge as key buyers. ….