Global LNG supply is set to rise — but a true glut looks unlikely

Freeport LNG export terminal in Texas, illustrating the expansion of global LNG supply from the United States

Global LNG supply will expand sharply from 2026, led by the US and Qatar, but persistent uncertainties on both supply and demand mean a genuine, persistent glut is unlikely to materialise. Global LNG supply is entering a major expansion phase from 2026 as large new projects in the United States and Qatar begin ramping up, putting downward pressure on prices. […]

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