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Asia’s soaring gas demand opens window for new LNG projects

A gasification program in China last year and strong economic growth across Asia factored in the doubling of LNG spot prices from mid-2017.

By Jessica Jaganathan and Henning Gloystein, Reuters February 15, 2018
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NUSA DUA, Indonesia/SINGAPORE — Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang.

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