LNG has never been a business for fast profits. It’s a longterm industry that needs committed leaders to build markets. The current flock of LNG developers looks like Casino gamblers in comparison. They expect some things out of their control to come and throw money at their forlorn projects. Participants in Ponzi schemes are similar in mental outlook. They have a choice now. They can buckle up and support market development and the biggest market for grabs is the fuel market. Or they can just sit tight and wait until they shrivel up and die. The choice is theirs.
Not surprisingly, energy traders and analysts are now thinking the unthinkable - could the current boom in LNG go bust?