IEA Forecasts Record LNG Growth
A record wave of new liquefied natural gas production capacity is set to transform gas market dynamics by strengthening global supply security and easing market pressure, according to the International Energy Agency.
The IEA's "Gas 2025" medium-term outlook report states that 300 billion cubic metres per year of LNG export capacity will be added by 2030, primarily in the United States and Qatar.
- Potential net LNG supply increase: 250 bcm a year by 2030
Barring unexpected disruptions, this is forecast to result in lower prices in the years ahead and spur higher demand.
Author's summary: IEA predicts record LNG growth.