LNG's bleak future

A NEW report from investment bank JP Morgan Chase will no doubt have LNG bosses across Australia hoping the firm is exercising the fiscal acuity it showed in the lead-up to the global financial crisis, as the bank is decidedly bearish on the outlook for LNG until at least the end of the decade.

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The firm thinks LNG is doomed, with oversupply, an Asian slowdown, and the presence of coal as a cheaper, if dirtier alternative muscling in on LNG's market share - painting a picture of a foreboding

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