The world faces a glut of natural gas that will force the US to scrap plans for new import terminals and mothball much of its existing capacity, the International Energy Agency says.
In a draft version of its latest World Energy Outlook, due to be published next week, the IEA predicts over-capacity of gas pipelines and liquefied natural gas terminals will rise to at least 250bn cubic metres by 2015, more than four times the level of spare capacity in 2007.
