With the millions of tons in new liquefied natural gas capacity coming on stream these days, many have begun worrying about an oversupply that would pressure prices to uncomfortably low levels. Energy analysts at Wood Mackenzie, however, don’t share the concern. In a recent report, Wood Mac said over 60 million tons in annual production capacity was due a final investment decision this year—a record number and a hefty increase on the 21 million tons in capacity sanctioned last year. This could tip the market into oversupply, but not…
