M&A and NOCs to change LNG world
Portfolio players and vertically integrated firms are transforming the way the industry operates
The global LNG industry is changing rapidly as a result of consolidation and the creation of new business models. Under Chatham House rules—where speakers cannot be identified—law firm Shearman & Sterling and Petroleum Economist co-hosted an event on the subject to celebrate the launch of a related new report, around the Houston Gastech conference. Attendees heard: On M&A It will continue due to the economic “law of gravity”. Capital is directed towards producing high priced fuels while consumers rush to buy ones with the lowest price. “This creates mean reversion and momentum that carries prices for a few years. Some will make mistakes and the happy ones will want to consolidate the
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