Some 4.1m tonnes of LNG — or around 60 cargoes — will be looking for a home in an oversupplied market in the next two months that looks set to roll on into next year and beyond, according to shipbroker and consultant Poten & Partners.
Speaking at an LNG breakfast forum held in Houston ahead of the big Gastech meeting this week, Poten’s global head of business intelligence Jason Feer said European demand is expected to flatten as storage is 93% full.
