IEA Forecasts Record LNG Growth
The International Energy Agency (IEA) predicts a record wave of new liquefied natural gas production capacity coming online by 2030, transforming gas market dynamics.
According to the IEA's "Gas 2025" medium-term outlook report, 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
- Forecasted result: lower prices and higher demand
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 by 2030.
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