More gas-fired power plants would have to be built in the U.S. and abroad to ease the current supply glut, said Campbell Faulkner, chief data analyst for commodities broker OTC Global Holdings.
“Prices globally are converging and until there is a boatload of new generation built domestically and abroad, there is just simply not much room in the market” for more gas, he said. LNG, once vaunted as a savior for the U.S. gas market, “looks to be a damp squib,” he said.
https://www.rigzone.com/news/wire/buyer_cancels_lng_cargoes_from_cheniere-21-feb-2020-161172-article/
More gas-fired power plants would have to be built in the U.S....
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