CHIBA, April 4 The liquefied natural gas (LNG)
industry will face a shortfall in supply in about five years
because low prices have kept producers from making new
investments in production, Total SA Chairman and CEO
Patrick Pouyanne said on Tuesday.
"Today we are facing global overcapacity that is putting
pressure on prices," Pouyanne said at a gas industry conference
in Chiba, Japan.
As a result, "the industry is entering a period of reduced
investments … this could result in a lack of supply in five
years," he said.
"We must carry on investing for the future," he said.
(Reporting by Mark Tay; Editing By Tom Hogue)