In recent weeks, natural gas prices plunged as the world faced a major oversupply after a warmer-than-expected winter. Over 150 million tonnes of LNG capacity is currently under construction, a “record wave of expansion” Morgan Stanley says in a recent note. “We expect gas market oversupply to reach multi-decade heights over the coming years”, said Morgan Stanley’s commodity strategists.

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In recent weeks, natural gas prices plunged as the world faced a major oversupply after a warmer-than-expected winter. Over 150 million tonnes of LNG capacity is currently under construction, a “record wave of expansion” Morgan Stanley says in a recent note. “We expect gas market oversupply to reach multi-decade heights over the coming years”, said Morgan Stanley’s commodity strategists.

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