Editor's Note
The global natural gas market is on the cusp of another major chapter in the LNG supply cycle, one that promises to far surpass each of the previous two waves dating back to 2009. As it so often does, the market dynamic is poised to shift dramatically, which will impact LNG and natural gas prices internationally.
Recent years have been characterized by scarcity and deep concerns over energy security that emerged after Russia invaded Ukraine and cut off gas exports to Europe. However, as more liquefaction projects across the world near completion, supply is once again catching up to demand. There is no doubt that a glut will emerge later this decade; what is uncertain is just how long that glut could last.
War, geopolitical tensions, regulatory and economic hurdles, along with the complexity of the energy transition, are just a few of the factors likely to influence the trajectory of a supply surplus and its impact on the markets. To be sure, gluts do not last forever, and how the market finds balance will help to shape its future.
This report explores those pathways. NGI’s team of Thought Leaders set out to determine what direction the global natural gas market is heading, how significantly all of the new LNG will impact natural gas prices and where those supplies would be needed most later this decade and beyond.
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