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WoodMackenzie: Far too many LNG projects underway

A long line of global LNG projects continue unabated in spite of the current oversupply of LNG, says analyst firm WoodMackenzie, adding that a 50 percent reduction in the number of projects is crucial.

Photo: BW Shipping

Global development of LNG projects continues at high-speed, despite the fact that LNG demand is not particularly high and is expected to be in the doldrums for several years going forward.

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