Editorial Comment

A. BLUME, Editor At October’s HPI Forecast Breakfast for our sister publication, Hydrocarbon Processing, I shared Gas Processing’s forecast on change in the LNG industry. The biggest trends we expect to see in LNG over the next few years are continuations from 2017. These trends include a looming shortage of LNG early next decade, compared with today’s oversupply; buyer preferences for short-term contracts and spot purchases; and progress on FID-secured LNG export projects in the US and Australia. LNG production capacity is just under 340 metric MMtpy, and it is growing. By contrast, LNG demand was measured at around 265 metric MMtpy in 2016. Global LNG supply is expected to grow by aroun