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)
BRIEF-Bioanalytical systems inc says entered into credit agreement with First Internet Bank Of Indiana - SEC filing
* Bioanalytical Systems Inc - entered into a credit agreement with first internet bank of indiana - sec filing
UPDATE 1-Chinese-owned Syngenta eyes Bayer assets to bolster seeds
BASEL, June 27 Switzerland's Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto.