There is currently over 500 million tonnes of new LNG supply capacity that is proposed to come online between now and 2020, however Wood Mackenzie said there was growing uncertainty over future demand.

"The established buyers- Japan, Korea and Taiwan are seeing government indecision in areas such as the use of nuclear power in its energy policy increase LNG demand uncertainty,” Wood Mackenzie’s head of Asia Pacific gas and power research, Gavin Thompson, said.

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