Even if subsidies are no longer there, theres a small problem with your conviction since we cant look at US as a case study on reneweables replacing natural gas/LNG as a comparison. Comparison can only be made at countries where most of the LNG buyers/end users are located predominantly in Asia and South America They continue to rely heavily on Natural Gas and LNG. Southeast Asia power generation reliance on LNG will triple in the next 5 to 10 years. Recently South Korea government has issued a directive most coal fired power plants to close down and replace it with natural gas power plants within the next 4 to 8 years which can effectively provide new long term LNG demand for 3 similar size Magnolia LNG plant again not 1 but 3. This is the problem again your horizon is extremely geograpically constrained. There is a world out there beyond US and China. Going by all this I will most definitely not be worried about demand.
LNG Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
