Global LNG supply will remain tight through this year and into the coming winter period despite new production coming onstream due to high seasonal demand in Asia, according to natural resources consultancy Wood Mackenzie.
Speaking on the publication of its LNG short-term trade and price outlook for the second quarter, WoodMac VP global gas and LNG Massimo Di Odoardo said: “LNG supply growth in 2018 slows a little, adding 27 million tonnes (mt) before accelerating again in 2019 to add 41 mt in 2019."
