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As U.S. and Middle East LNG exporters appear poised to be the dominant long-term players in the global market, competition for Asian buyers willing to pay for the next wave of supply could be heating up.
Global liquefied natural gas exports are forecast to more than double to 805 million metric tons/year (mmty) by 2050, according to the Gas Exporting Countries Forum. Under GECF’s forecast, LNG would represent around 64% of all natural gas traded by the middle of the century.
Nearly 55% of global LNG export capacity in 2050 is expected to be in the Middle East or North America. But, as Middle East countries push massive investments to develop gas reserves, developers in the region may already be gaining traction with Asian markets.
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