IEA: Global LNG oversupply to impact trade patterns, keep prices low

New LNG supplies are coming online just as demand growth in some major markets are weakening, leading to major shifts in global natural gas trade patterns over the next 5 years, the International Energy Agency said in its 2016 Medium-Term Gas Market Report. IEA’s report assesses global gas trends and provides a detailed analysis of global gas demand supply and trade development through to 2021.

Source: News