Mark Kremin, president and chief executive, Teekay Gas Group:
“As oil and gas prices rise, so will LNG. Meanwhile, LNG suppliers will cut costs while historical LNG buyers bow to newer buyers in the Middle East, North Africa and South Asia.
New trains will start up in Australia, the US and Yamal, which is rolling ahead despite its twists.
Few new trains will take FID [final investment decisions], thus dampening demand for more newbuilds even though shipbuilding prices continue to soften.
LNG
