Even before the Covid-19 pandemic, the liquefied natural gas (LNG) market was set for oversupply in 2020 and 2021 as new projects continued to grow capacity well beyond steady demand growth. The long-term outlook for LNG, however, is brighter than that of other fossil fuels because of its comparatively low cost and lower emissions from production and combustion.
But to find a true competitive advantage amid a volatile market, LNG players should focus their efforts in five areas: capital efficiency, supply-chain optimization, downstream market development, decarbonization, and digital and advanced analytics. If done successfully, LNG could ride out an unpredictable market and find opportunities for faster growth.
Realise capital efficiency
... to continue reading you must be subscribed
