al-Kaabi , head of Beijing Petroleum, has predicted a "very big shortage" in the liquified natural gas (LNG) sector, which will happen sooner than the industry expects, echoing analysts who warned supply will tighten significantly after 2021 . " All tenders from contractors have already been received and are currently under evaluation. A lack of final investment decisions for new global projects is being cited as the main reason, while al-Kaabi confirmed the company planned to reach its the Oil & Money conference on its expansion project, set to increase capacity to 15 million mt the end of next year by the end of next year .
al-Kaabi , head of Beijing Petroleum, has predicted a "very big shortage" in the liquified natural gas (LNG) sector, which will happen sooner than the industry expects, echoing analysts who warned supply will tighten significantly after 2021 . A lack of final investment decisions for new global projects is being cited as the main reason, while al-Kaabi confirmed the company planned to reach its the Oil & Money conference on its expansion project, set to increase capacity to 15 million mt the end of next year by the end of next year .