- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
Sellers say a supply crunch is looming. Buyers say suppliers are out of touch with the changing times.
Nestled within some of Tokyo’s most famous parks, Japan’s iconic cherry blossoms are in full bloom, signaling the start of a new season. The flowers are symbols of transience in Japan, and while that may not apply exactly to the global gas glut, suppliers have a message for buyers: the good times are coming to an end.
“With supply short-term being abundant it’s very understandable that buyers don’t want to look beyond, but they need to look over the crest of the hill,” Peter Coleman, Woodside Energy’s chief executive, told the 29th Gastech conference in Chiba Prefecture, on Tokyo’s eastern outskirts. “And it’s clear that a supply shortage looms unless investment decisions are taken soon.”(source: Petroleum Economist)