Large money…I think it is obvious large money is really avoiding investing in ng stuff. I think part of lower asset valuations is likely no more lng demand coming out of North America so as sad as it sounds, isn't a business case for new lng terminals for spot price sales.
world lng faces a massive problem in next few years, the largest country with lng import terminals too actually handle the the lng ships is Japan. Like it isn't even close to second and third countries like South Korea and China. Japan has a crazy import capacity.
the problem with this is japan is actively and is continuing more for next 3 years of restarting nuclear reactors. At one point in time like 2011 tunsumi every single nuclear reactor was shut. Nuclear industry really never recovered after this and lng imports replaced nuclear. But 2022 Russian invasion happened and that changed public's approval level on nuclear plants and approvals on restarting plants started too happen.
Largest nuclear plant in world got approval to restart end of 2023 and 1 reactor is being fired up. If every single reactor in that plant ends up restarted it is 8000mw of power.
Too put in perspective Alberta as a whole uses about 10500 mw and down to 9400 at night. Japan has a giant plant.
putin did such severe long term damage to ng industry it's hard to put into words.
a lot of people are not smart enough to grasp that Putin caused high lng prices in 2022 was a bad thing.
got the Japan public angry about paying such high prices that they soften on nuclear energy.
and Japan tech will only get better as they pour the cash into this.
greed is bad.