This has some interesting implications because with the oil business not growing so fast, nobody is building refineries, which results in the margins remaining high. In the LNG business up to 2021, there is a bit of surplus in the market. It is the companies with deep pockets that are investing to build, and this will change the shape of the global LNG business very dramatically. These new regulations that come on line in 2020 will dramatically change the whole global oil and gas industry. With oil prices above US$100 a barrel, there was scant regard for the costs; they just spent money.

Source: The Edge Markets April 26, 2019 03:33 UTC