CHIBA, April 4 A supply gap is likely to open up
in the liquefied natural gas (LNG) industry if new projects are
not sanctioned, said Chevron Corp Vice Chairman Michael
Wirth at a gas industry conference on Tuesday in Japan.
"In the short term, LNG supply is coming online faster than
demand is growing, but with continued demand growth in the next
decade the market will rebalance," Wirth said.
"So, while we expect ample supply in the next few years ...
a supply gap could eventually confront us in the years to follow
if we don't eventually sanction new LNG projects," he said.
(Reporting by Mark Tay; Editing By Tom Hogue)