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Chevron Sees Healthy LNG Inventory Unlikely to Tighten Up in 2025

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Global LNG demand may be growing, but ample supply is holding back the market from tightening in 2025, according to Chevron’s CEO Mike Wirth, cited by Natural Gas Intelligence.

  • Instead, Wirth said that the market signals suggest rising LNG consumption.
  • “But it comes against a backdrop of very healthy inventories,” Wirth said, cited by NGI.
  • He added that European gas inventories are “strong for this time of year. Inventories in the U.S. are very healthy for this time of the year. You see that reflected in Henry Hub prices. And so overall, we've got a market that currently has healthy inventories.”

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Global LNG demand may be growing, but ample supply is holding back the market from tightening in 2025, according to Chevron’s CEO Mike Wirth, cited by Natural Gas Intelligence.

  • Instead, Wirth said that the market signals suggest rising LNG consumption.
  • “But it comes against a backdrop of very healthy inventories,” Wirth said, cited by NGI.
  • He added that European gas inventories are “strong for this time of year. Inventories in the U.S. are very healthy for this time of the year. You see that reflected in Henry Hub prices. And so overall, we've got a market that currently has healthy inventories.”

Keep reading...Show less