The global LNG market is on the cusp of a new supply wave that will push it into a new cycle of oversupply, definitively bringing to an end the era of high prices that was sparked by Russia tightening supplies to Europe in 2021 ahead of its invasion of Ukraine the next year.
The US and Qatar are leading this surge in new capacity, and between them account for around two thirds of the 287mn t/y extra capacity by 2031 that is expected under the IEA’s LNG project tracker. (CONTINUED - 942 WORDS)
