this post was submitted on 14 May 2024
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Welp, might as well put us down for "worst case scenario".
Not necessarily. LNG prices have been falling to pretty much 2020 levels. So less profit. The other factor is consumers. The big ones are Japan, China, EU and South Korea. The EU has falling gas and LNG demand. China does not want to be depended on US LNG. Japans natural gas consumption has decreased every year but 2017, since 2014. For South Korea it looks like gas consumption might also fall.
So there is reason for hope.