U.S. exporters of liquefied natural gas (LNG) head into 2020 after a record year...
- U.S. exporters of liquefied natural gas head into 2020 after a record year that saw exports soar by more than 60%, but growing concerns about weakened demand and heavy competition could act as headwinds in the coming year.
LNG is seen as an alternative for Asian countries that have relied on coal-fired power plants. LNG exports have surged in recent years out of Qatar, Australia, and the United States, the three biggest exporters of the super-cooled fuel. Prices in Europe TRNLTTFMc1 and Asia JKMc1 are down by around 40% so far in 2019 to their lowest in years. Analysts at Morgan Stanley and Energy Aspects say some U.S. LNG export terminals could shut temporarily in 2020 due to a lack of demand. Lower prices and weak demand could endanger the myriad of LNG projects still in development.
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