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Commodities

Surging LNG supply upsetting market balance

Global output seen soaring by 100m tons by 2020

Fatih Birol, executive director of the International Energy Agency, spoke at a recent Tokyo conference on the global LNG market.

TOKYO -- The balance of power in the global liquefied natural gas market is tipping more toward buyers as new production facilities are expected to begin operating soon. Producers are worried, but do not seem to have any immediate solutions.

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