In a recent revelation at the LNG2026 conference in Doha, Qatar, Pablo Galante Escobar, the head of LNG at the prominent global trading company Vitol, forecasted significant stress on the global liquefied natural gas (LNG) market due to an increased supply this decade.
Escobar’s warning underscores the challenges faced by stakeholders as they navigate the evolving dynamics of the energy supply chain. The predicted surge in LNG supply poses intricate implications for both producers and consumers worldwide.
This development calls for strategic adjustments and preparations in anticipation of market fluctuations that could redefine the landscape of global energy trading.
(With inputs from agencies.)