March 18 (Reuters) - The global liquefied natural gas

(LNG) market is not currently tight, Gunvor Chairman Torbjörn

Törnqvist said on Monday at a conference, contradicting the view

shared earlier in the day by the top executive of major LNG

exporter TotalEnergies.

LNG supply will increase by a third over the next five

years, Törnqvist said at the CERAWeek conference in Houston,

Texas. He anticipates gas prices will remain low given the ample

offers in the market.

Oil markets are fairly balanced and there will likely be no

unexpected surprises to global demand forecasts, he also said.