Key messages

  • The global gas market is encountering numerous challenges in an overall growth context. Whether the current weakness is cyclical (the IHS view) or structural remains to be seen.
  • LNG developers are in a competitive game of ‘musical chairs’
    • Lower oil prices make project development more challenging
    • US Lower-48 projects remain commercially competitive and most easily executable
  • Producers need new business models and applications in order to monetize growing global gas reserve inventories
  • Contract and trading structures are evolving
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