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2024-10-23 04:45:39
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cnbc.com_5 on Nostr: Summary of A 'tidal wave' of natural gas supply — the biggest yet — will reshape ...

Summary of A 'tidal wave' of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital



The source article:
A 'tidal wave' of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital


The expansion is likely to lead to a state of oversupply by the end of 2026, analysts such as RBC's Anan Dhanani have projected.

https://www.cnbc.com/2024/10/23/a-tidal-wave-of-lng-supply-will-reshape-global-markets-says-rbc-capital.html

The article discusses the impending surge in LNG supply, which is expected to reshape the global market and lead to a prolonged period of oversupply. Analysts from RBC Capital Markets predict that the market will remain oversupplied until 2030, with prices potentially moving below double-digits. The supply injection is expected to come from new infrastructure projects and increased production from major suppliers such as the US and Qatar. However, demand growth is expected to be slow, with the Asia-Pacific region expected to grow by an average of 5% annually.
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