Monitoring the European LNG market developments (updated June 10)

As of March 2024, 19 global liquefaction projects are under construction and set to boost LNG production by circa 200 million tonnes by 2030 (despite the recent US pause on granting new LNG export licenses). This production capacity increase equals roughly 50% of current global LNG trade and stands to reduce LNG market tightness and stabilise prices. Source: Pedro Cespedes, ACER