The sudden oversupply has crashed the oil price. Since LNG pricing is tied to oil in the biggest LNG markets, this has potentially serious ramifications in that market as well.If present prices persist, many, perhaps most of the proposed new LNG plants will be unprofitable so many will not be build.However, underlying LNG demand is much stronger compared to oil so sooner or later this will turn into a supply shortage of LNG. LNG (liquid natural gas) was experiencing a boom until it was caught in the crossfire between OPEC and American shale oil. The link is the fact that the price of LNG is usually tied (with a lag up to half a year) to the price of oil. What are the prospects for the LNG market now? Strong demandFirst, one has to recognize that demand for natural gas has been very solid:Total global natural gas demand is estimated to have grown by about 2.7% per year since 2000; however, global LNG demand has risen by an estimated 7.6% per year over the same period, almost three times faster. [ey.com] You can see this in the graph below (JKT stands for Japan, Korea and Taiwan): Read More Here!