200mn t of new LNG supply could be required by 2040
LNG to help solve global energy supply crunch
Russia’s isolation following its invasion of Ukraine could lead to LNG trade growing faster than previously expected—but only if new supply and infrastructure can be realised in time to avert demand destruction, says Giignl’s Vincent Demoury
The LNG business has been though a tumultuous couple of years. Firstly, it experienced a period of record low prices, partly because of the Covid pandemic, followed by exceptionally high prices—because of an unexpectedly robust post-pandemic economic recovery and constrained supply—and now, with the war in Ukraine, a major turning point for the global energy balance. In May, the Paris-based International Group of LNG importers (Giignl) published its annual state-of-the-industry report, documenting how the business fared in 2021. Petroleum Economist sat down with the association’s general delegate, Vincent Demoury, for his take on what the future holds and how the industry is responding.
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With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
