LNG project delays may cut 100 million tons of supply

SINGAPORE (Bloomberg) — Delays in liquefied natural gas ventures led by Exxon Mobil Corp. and Chevron Corp. may pare global supplies by 100 million metric tons, more than the annual demand of South Korea and Japan, the world


Prices of the fuel have increased sevenfold in the last five years to a record $20 per million British thermal units while the rate of project approvals last year missed forecasts, adding to concern supply will be insufficient to meet demand. Global LNG trade rose 7.3 percent last year, outpacing crude oil