A “wave” of new liquefied natural gas production capacity set to come on stream this year and in 2026 will transform the global market into one dictated by buyers, the head of the International Energy Agency, Fatih Birol, said today. New LNG production will lead to lower prices, Birol said, as quoted by Reuters, and that would benefit large LNG importers in Asia. To be fair, Asian LNG importers would not be the only ones that stand to benefit from lower LNG prices—Europe has become one of the largest importers of the commodity…