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S&P says the LNG market is fighting to stay afloat in Energy Voice

lng-carrier-main for blogIn an article for Energy Voice, Simon Redmond, commodities specialist at Standard & Poor’s Ratings Services, outlines the contours of today’s liquefied natural gas (LNG) market. Overall, he does not expect a material improvement in current declining markets conditions or LNG ‘spot’ price – the price of the moment – in the foreseeable future. He explains that a predicted surge in global supply, coupled with falling prices, could lead to reduced headroom in LNG projects’ financial profile – mainly because production costs are, for the most part, fixed. Importantly, this negative outlook could lead to rating downgrades for this historically stable sector over the coming year.

For more details and quotes, please see the full article here.

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