Building towards an LNG oversupply

The global pipeline of new LNG projects in development totals 917 million tonnes per annum (mtpa) of new export capacity and 705 mtpa of new import capacity, amounting to an estimated US$1 trillion in investment. Considering the International Energy Agency’s (IEA) forecast that global gas demand will peak by 2030 under present-day policy settings and international efforts to reach carbon emissions targets, new LNG investments may be risky according to this recent report.