Since early 2005, the liquefied natural gas (LNG) markets in Europe and Asia have been sellers' markets, with tight supply and demand keeping prices supported. However, that looks set to change. A large number of projects are due to come on stream in the coming months and experts are forecasting an oversupply of LNG by 2010, albeit one that's likely to be fairly short-lived.
Tight markets, especially in Asia, have buoyed prices recently. Over the past year as a whole, LNG prices have soared, alth