Makes it tough for stranded gas to find markets.
If you ain't already built the LNG plant, any new one will be likely insurmountable to get going.
It depends. Majors may build it anyway, taking advantage of slumps in infrastructure construction to obtain better bids, and knowing that the future will likely see a resurgence in demand.
It is a gamble, to some extent, but what isn't. If you look at pre (last) boom Exxon/Mobil, they continued to drill and explore right through the slump in demand and prices, and had the product to deliver when prices spiked, making back a great ROI over the long haul. (A few acquisitions didn't hurt, either.)
The question is one of how much can be tied up in inactive or subcapacity infrastructure for how long, and as always, the geopolitical questions.
Then, too, this could affect Asian Markets, depending on the outcome: Inpex spuds exploration well offshore southern Japan
http://www.ogj.com/articles/2016/06/inpex-spuds-exploration-well-offshore-southern-japan.htmlIf Natural Gas or oil are found there, that could impact Asian markets.