Uday Turaga, the founder of energy research and consulting firm ADI Analytics, also told Reuters on the sidelines of the conference in Houston that while “there could be small periods of oversupply, the market has largely been able to absorb LNG and we don’t see any reason why that would change.”
“Prices for LNG, particularly to Asia, may go down as more supply comes online, and those lower prices should drive new customers,” he added.
(Reporting by Arathy Somasekhar in Houston; Editing by Nathan Crooks and Paul Simao)
