The LNG pricing pressure that could blow up supply

In holding out for cheaper LNG pricing, Asian buyers could be shooting themselves in both feet by causing gas supply projects to be delayed.

The buyers’ strike in the LNG market that appears to be unsettling Woodside Petroleum’s Peter Coleman is clearly impacting projects that haven’t yet been green-lighted. There is a tinge of silver lining, however, in that apparently dark cloud overhanging the sector.

Coleman, speaking at a conference in Tokyo, said that by holding out for cheaper prices LNG customers were potentially causing delays to final investment decisions on new projects, which could lead to an eventual supply “crunch”.

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