Middle East’s LNG Market Faces Decade-Long Slump
The energy world has a tendency to hype market developments. Projects need long payout periods in order to justify the billions and if there is doubt in the market, its harder to get the cash. But constantly hyping the slightest shred pointing to a bull market and poo-pooing all evidence towards bearish tendencies makes people lose trust. A bear market is an opportunity to kick new markets open as prices go down. See it that way.
The Middle East was a bright spot for global liquefied natural gas demand in 2015. Now imports have plummeted so much that it could take a decade to recover.
