The great LNG market showdown
Sellers say a supply crunch is looming. Buyers say suppliers are out of touch with the changing times
Nestled within some of Tokyo's most famous parks, Japan's iconic cherry blossoms are in full bloom, signaling the start of a new season. The flowers are symbols of transience in Japan, and while that may not apply exactly to the global gas glut, suppliers have a message for buyers: the good times are coming to an end. "With supply short-term being abundant it's very understandable that buyers don't want to look beyond, but they need to look over the crest of the hill," Peter Coleman, Woodside Energy's chief executive, told the 29th Gastech conference in Chiba Prefecture, on Tokyo's eastern outskirts. "And it's clear that a supply shortage looms unless investment decisions are taken soon." Su
Also in this section
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis