MENA LNG companies likely to put off upcoming projects due to economic slowdown

MENA LNG companies likely to put off upcoming projects due to economic slowdown

The cascading impact of global LNG supply overhang coupled with reduced demand may lead companies to withhold or delay their capital spends on upcoming multi-billion-dollar gas projects, says GlobalData, a leading data and analytics company.. The start of the Rovuma LNG project, operated by Mozambique Rovuma Venture SpA, is likely to be delayed by a year, as the current crisis has deferred its FID by a year..