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CALGARY — A new report suggests LNG prices will remain low well beyond 2020, further eroding Canada’s ambitions to become a prominent exporter of the super-cooled gas in coming years.

Analysts at Moody’s Investor Service said that global LNG markets are likely to remain oversupplied well into the next decade as Asian demand for the gas weakens and new supplies begin entering the market.

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The estimate runs counter to some other analyst projections, which expect markets to balance in the next few years to create a so-called “second wave” of opportunity for would-be LNG exporters in Canada.

The international LNG market has grown rapidly over the past few years as rising demand for the gas, particularly in Asian countries, kicked off a global race to meet future supply needs.

Canada was among the countries vying to enter the market, and around 20 LNG export facilities were proposed to be built along the British Columbia coast, which would be fed by sizeable natural gas fields in northern B.C. and Alberta.