LNG: Churning it out
Producers face a further period of low prices as more production comes online
The liquefied natural gas market of 2018 will bear many similarities to the present one. The market in 2017 remained in a period of LNG oversupply that began in 2016. Although the year opened with strong demand, due to low winter temperatures and nuclear outages, forcing Asian spot prices to near $10 per million British thermal units, we saw prices return to pre-winter levels in all major regions in March. As warmer weather returned and the seasonal demand fell, it became evident that the favourable market for LNG suppliers of the early 2000s had led supply to catch up and overtake demand. Even though the winter temperatures have brought back high demand, the supply glut is expected to ret
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
