As demand slows down and new capacity enters the market, the global LNG market will experience a clear oversupply in the next three years. Carmen Lopez-Contreras, a senior analyst at Repsol of Spain, stated at the Global LNG Conference in London that during the period from 2014 to 2018, global LNG demand will increase by 4.7%, but supply will increase by 7.5%. She said: "In 2014, global LNG producers' capacity utilization rate was 92%, but by 2018 it will fall to 82.8%, which means that the global LNG market will fall into a situation of overcapacity." There will be more than 100 million worldwide by 2018 Ton/year of new LNG capacity put into production. In strict accordance with ISO 9001:20015 and ANSI Flanges; Ansi Flange,Wn Wnrf Flange,Long Weld Neck Flange,Lap Joint Flange Ansi B16.5 Shanxi Tianbao Group Co.,Ltd. , https://www.tbflange.com
Global LNG supply will be significantly surplus over the next three years
1.Make process card and quality plan
2.Choose the qualified raw material and do incoming test, not allowed
nonconforming material to enter into production process;
3.Producing and testing followed the quality documents
4.Be good at Quality records and product identification to ensure the product
traceability
5.Do the final inspection to ensure 100% of pass.