The liquefied natural gas industry has become too reliant on demand for the fuel from China, industry executives warned at last week’s CERAWeek, advising players in the LNG field to try and broaden their markets before they begin suffering the impact of this overreliance. Reuters quotes several energy industry executives as reminding their peers demand for LNG in China this year will be slower than previously expected and lower than the last two years. Also, they said the demand producers have seen come from China during these last two years does not necessarily have to be indicative of future demand. The core of the message is simple: Take it easy. “We are becoming too reliant on China in the last couple of years,” the chief executive of Australia’s Woodside Petroleum said. “It worries me because we’ve seen others drop off in the same period for demand.” “I would caution […]