During 2015? I do not think that many more suppliers are here now compared to then on a world-wide basis, which is the LNG market.
Plenty of suppliers in the ME, Australia during 2015. What little has come on in last two years certainly does not bring down the price by a factor of 4.
In 2015, global LNG trade reached 244.8 MT, marking the
largest year for LNG trade in the industry’s history and
rising above the previous high of 241.4 MT set in 2011.
Although no new exporters joined the market, several new
plants delivered their first cargoes, contributing 6 MT of new
supply. This was more than enough to counter the feedstock
and domestic instability issues that led to sizeable declines
from several existing exporters, namely Yemen, Angola and
Egypt. Four new markets – Egypt, Jordan, Pakistan and
Poland – began importing LNG in 2015, bringing the number
of global LNG importers up to 33 .
IGU 2016 World LNG Report
http://www.igu.org/download/file/fid/2123Only 17 countries exported LNG in 2015, down from 19 in
2014; Angola LNG was shut-down for extended repair work in
early 2014, while Egypt exported its last cargo in late 2014 as
rapid domestic demand growth diverted gas from its export
plants.
The Middle East’s five-year reign as the largest exporting
region was upheld in 2015, with the region accounting for
38% of total exports, but new supply from Australia and
elsewhere in Asia-Pacific narrowed the gap...