Middle East Economic Survey

VOL. LIII

No 29

19-Jul-2010

Global LNG Market Shows Unexpected Resilience As Qatar Restarts Plants

A group of idle LNG carriers off the coast of the UAE, while Qatargas has restarted LNG plants and is preparing to bring on stream two more 7.8mn tons/year mega-trains by the first quarter of next year, have fuelled fears of a growing LNG glut and speculation of train closures and start-up delays. However, Asia-Pacific LNG demand has increased some 16% this year compared...