Who is surprised now? It was clear for years that oversupply will hit us and that once this happens, signing conditions will significantly worsen. But there is a silver lining. projects that cant get their cost under control won’t make it over the finishing line. And some bubble projects will go away as well. We should be happy as they were a drain on the good ones. Project promoters will work like hell to innovate and get their cost position low enough for today’s market. They will be the stars when the bumper market comes back.
Producers will need to aggregate demand from around the world to get projects over the finishing line