A large, already-sanctioned LNG supply wave is coming through 2035—dominated by U.S. and Middle East volumes—shifting trade toward emerging Asia, while Europe’s gas use trends lower in accelerated transition paths. Portfolio positioning should assume near-term LNG abundance with higher Asia pull and more mixed post-2035 demand risk. bp’s 2025 Outlook models two paths—Current Trajectory vs Below 2°—and sees LNG’s role […]
