One more bubble-popping for LNG? It’s not that we are not used to it. We had the El Dorado bubble popping when shale killed the US LNG Bonanza. We had the Fukushima bubble popping when Japan went back to more nukes and coal. And now the China bubble and it looks like China doubles down on coal and uses gas only for balancing and strategic uses. LNG must learn to develop its own markets. That takes time and investment. Only death is free – and I costs you your life.
Chinese gas demand forecasts for the long term are being revised as evidence mounts that renewables and low-emission coal will present stiff competition. [NGW Magazine Volume 5, Issue 22]