Outlook 2024: Building LNG’s resilience through turbulent times
Larger and more diversified portfolios are best placed to navigate through volatility
The global LNG industry is thriving. A record 200mt/yr of new supply is under construction as players bet big on Asia’s push to reduce its dependence on coal and Europe’s need to replace Russian gas. Given the urgency of the energy transition, an increasingly fractious geopolitical system and concerns over global economic growth, could the LNG industry have bitten off more than it can chew? In this article, we explore some of the market and external risks that players need to grapple with and consider how they can prosper through turbulent times. Is there too much LNG under construction? In short, no. Increased supply availability will bring prices down and boost demand growth. In our latest
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