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Qatar, the world's largest LNG supplier, plans to raise its LNG output to 126 million tonnes by 2027. The announcement comes as LNG prices sit at multi-year lows amid rising output from the US, Russia and Australia.
Expanded long-term supply adds to the existing global gas glut and keeps gas prices under pressure for years. The effect on feed input costs is indirect.
reuters.comDahlia NehmeNov 25, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
