Major traders and sellers of liquefied natural gas will begin to look to new markets over the next five years as demand from traditional centers wanes, the International Energy Agency said in a report. In parallel, global supply is set to grow exponentially, putting pressure on prices in the spot market. Cheaper prices for alternative fuels, such as coal, will also soften gas prices, while more carbon-efficient technologies could push demand away from natural gas and toward renewables. The market will likely find strength in China, India and Southeast Asia as Japan and South Korea buy fewer volumes, the IEA said. Chinese gas demand slowed to around 4% in 2015, leading to fewer purchases on the spot market. But demand is likely to recover, as the country diversifies its energy sources away from dirtier […]