Wave of LNG Projects Set to Begin Even as Projected Glut Looms
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The liquefied natural gas industry needs to start planning for shortages even as analysts project a glut starting next year, according to Sanford C. Bernstein & Co.
The next wave of LNG projects is set to begin as early as this year, Bernstein analysts including Neil Beveridge said Thursday in a report. That’s a more aggressive timetable than the firm made in September, when it said investment decisions for the next group of plants wouldn’t come until 2019.