Liquified natural gas (LNG) has been touted as the cleaner fuel alternative and a central stepping stone on the journey to decarbonisation. Industry forecasts expect to see massive demand growth, and the high prices from 2022-2023 saw governments rush to expand export capacity.
However, the closure of the Strait of Hormuz has put pressure on existing supply chains, and some experts foresee significant long-term demand destruction, particularly as renewables become ever cheaper.
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The question now is whether and when supply will outstrip demand and how significant the interim shortages might be. Are we on track for LNG glut or shortage?
Offering insights are commercial LNG analyst, James Voyle, and professor of global energy, Michael Bradshaw.
The episode is hosted and produced by Eve Thomas, editor of Offshore Technology.
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