Global trade in liquefied natural gas (LNG) will exceed $120B in 2015, surpassing iron ore as the most valuable commodity after oil, Goldman analysts say.
Competition among producers will increase as buyers shift away from long-term contracts. U.S. supplies coming online and other factors will lead to declines in LNG prices "until they can challenge thermal coal in the fuel mix of the power sector, with Europe playing the role of the swing consumer and the U.S. as the marginal supplier in the Atlantic basin," the report says.
source: seekingalpha.com
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