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LNG Prices to Fall by Decade-end: Total

LNG

Global LNG prices should soften by the end of the 2020s amid a growth in available supply, Total CEO Patrick Pouyanne said as reported by Reuters.

  • LNG supplies will rise by around 20% by 2030, equating to a boost of 100m mtpa of additional supply, driven by expansions in Qatar and the US, Pouyanne said at the groundbreaking ceremony for Qatar’s Northfield LNG expansion.
  • "It is better for everyone to have more supply in the market to stabilise the price than having a tense market like today. Probably by the end of the decade we will see a softening of (LNG) prices," Pouyanne said.

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