Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle of this decade, as suppliers sanction new projects and major buyers ramp up imports. Last year, Australia beat Qatar to become the world’s largest LNG exporter, in one of the milestones in the industry in 2019, IHS Markit said in a new report . Yet, Australia will likely keep that title for just a couple of years, before the United States becomes the world’s biggest LNG producer in 2023. This development shows how the LNG industry has evolved over the past half-decade and how the surge in U.S. natural gas production and export capacity expansion is upending the market. Just a few years ago, Qatar dominated the global LNG supply. Now its main rivals, Australia and the U.S. are […]