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LNG Market Pulse: Need More Investments

During the Gastech 2015 conference in Singapore during the month of October, panelist advised attendants, that low gas prices result of the current oil market, could delay upstream project sanctions and lead to a year 2020 bottleneck.

The International Energy Agency (IEA) stated in its Medium Term Gas Market Report in the month of June that current low oil prices will lead to an upstream investment reduction which will lead to a slower production growth over the medium term.

It is important to note that global growth is expected to increase the demand of LNG in the long term, regardless of the current market conditions and in the current state of world affairs, major producers will have to move in both directions of the market to maintain and increase future production steadily.

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