Capex on new LNG capacity has significantly increased over the past several years
Global LNG analysis report 2023 — Part 1
Decarbonisation and the war in Ukraine are just two of the factors driving the massive investment in liquefaction and regasification around the world. The first part of this deep-dive analysis looks at developments in Africa
Numerous trends are driving the short-term and long-term demand for gas globally. These include, but are not limited to, decarbonisation efforts by numerous countries around the world and Russia’s war with Ukraine. In turn, capex on new LNG capacity—both liquefaction and regasification—has skyrocketed over the past several years, with hundreds of billions of dollars in announced investments under development globally. According to the Gas Exporting Countries Forum (GECF), global gas demand will continue to increase to 2050 (see Fig.1). The forum’s report, Global Gas Outlook 2050, sees demand surging to more than 5,600bn m³/yr by 2050. Nearly 50pc of the demand growth will come from the Asia-
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
