LNG supply may outstrip demand by 2025
Incremental LNG demand during the next five years will have been met by new capacities already under construction and up to two-thirds of the capacities waiting to be sanctioned, according to a Wells Fargo report. The market is exposed to the risk of supply developing too fast and far ahead of demand
Wells Fargo warned of disruption in liquefaction capacity and LNG shipping rates because projects under construction have already either met a large amount or all of the incremental projected demand