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What Glut? Qatar Leads LNG Expansion Push as Inventories Grow

From bnnbloomberg.ca

Shrugging off a global supply glut that’s left liquefied natural gas prices struggling to recover from a three-year low, the world’s biggest producer of the fuel said it’s on track to expand production. Qatar, which has seen its share of the global LNG market shrink to less than a quarter from a third over the past five years, is pushing hard to retain its standing as nations from the U.S. to Russia and Mozambique start their own projects. The Persian Gulf nation said it has invited companies including Exxon Mobil Corp. and Royal Dutch Shell Plc to bid for work expanding its part of the world’s biggest natural gas ... (full story)

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  • Category: Fundamental Analysis