The global LNG industry is in flux. Australia is close to replacing Qatar as the world’s number one supplier with the US also on the way to becoming a major exporter. This greater competition between suppliers has wiped out – at least for now – the premium spot supplies can command in key East Asian markets. But the 50% fall in crude prices over the past six months means that many proposed LNG export projects will be delayed – if not cancelled – as companies struggle to keep healthy balance sheets.
In a wide-ranging interview Total’s Senior LNG Advisor Guy Broggi tells MEES about the challenges and opportunities faced by the French major and its peers in the current market environment. (CONTINUED - 2796 WORDS)