Global Gas Shortage Powered By China

Since I have strong China Connections I have been aware of this for a long time and this certainly looks good for projects such as Glenaras that can be brought into production relatively quickly.

• Liquefied natural gas producers around the globe are once again considering new investments as expectations of a glut in supply wither away in the face of strong, China-led demand growth in Asia.​

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• Much of the focus this week at an annual oil and gas conference in Australia - which is about to become the world's top exporter of LNG - was on what projects are viable and how quickly can they be developed.​

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• This was in stark contrast to the mood at previous events hosted by the Australian Petroleum Production and Exploration Association (APPEA), where executives had talked mainly about how to cut costs and the strategies needed to survive the predicted surplus of the fuel.​

https://www.acbr.com.au/expected-lng-surplus-evaporates-scramble-new-projects-looms​

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Regards  OGP​