Moody’s Investor Service has released a new report “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects,” which predicts that low LNG prices will result in the cancellation of most of the gas liquefaction and export terminal projects currently proposed in the United States and Canada. The report also predicts that such projects “already under construction [worldwide] will continue as planned, which will lead to excess liquefaction capacity over the rest of this decade.”
WE’RE NOT GONNA TAKE IT!
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