Bloomberg: Europe LNG Imports to Stagnate as Supply Goes to Asia: Barclays
Europe won’t increase its imports of liquefied natural gas next year because demand in Asia will absorb new supply, according to Barclays Plc. (BARC)
Global LNG supply is forecast to grow by 900 million cubic feet a day in 2014 as four liquefaction projects start operating, Biliana Pehlivanova, a New York-based analyst for the bank, said in an e-mailed report dated yesterday.
“Global regasification capacity is set to grow by 2.8 billion cubic feet a day next year, with all but one terminal located in Asia,” Pehlivanova said.