Still pinning hopes on Asia
Fast-growing new demand centres in the region will help absorb the glut, says US exporter Cheniere
GAS consumption in the Asia-Pacific market will grow quickly enough to reward American exporters – and rivals in Australia, believes Cheniere Energy, the firm leading a new onslaught of American liquefied natural gas exports. The emergence of smaller customers as well as floating storage and regasification units (FSRUs) will provide the impetus. Meg Gentle, head of Cheniere’s marketing division, says she does not expect new US supplies to undercut Australian LNG, but sees a growing market that will allow the two to work alongside each other. “We know that supply will come from the US into Asia because Asia is three quarters of the LNG market and supply from the US will eventually be about 20
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