[ad_1]
The world is likely to be awash in LNG later this decade, but the surplus isn’t expected to last forever and divisions over how long the market would take to balance are coming into sharp relief.
Russia’s invasion of Ukraine two years ago and its decision to cut nearly all gas exports to Europe created a scramble to secure supplies that sent prices skyrocketing. As buyers sought cover from the volatile spot market and stronger energy security, they signed more long-term deals, raising prospects for investment in liquefied natural gas terminals.
In some cases, the energy crisis helped push projects across the finish line. A bevy of new liquefaction trains are now set to come online starting next year, with additions poised to accelerate in the years after that. Nearly 40 million metric tons (mmt) of LNG capacity is expected to come online annually between 2026 and 2028.
[ad_2]
Source link
