A new wave of LNG supply is set to hit the markets in the coming years as the two biggest exporters of the super-chilled fuel, the U.S. and Qatar, prepare for a major boost to capacity, reports Oilprice.com. Analysts say that tight LNG markets in the first half of this decade are likely to flip to a large surplus in the latter half of the 2020s.
Supply from America is growing with the start-up of Venture Global’s second facility, Plaquemines LNG, in Louisiana and the commissioning of Cheniere’s Corpus Christi Stage 3 project. Both facilities achieved first gas in late December 2024 and are expected to ramp up operations and exports throughout this year.
U.S. LNG exports are expected to jump by 15% in 2025, reaching almost 14 Bcf/d, thanks to higher export capacity with the Plaquemines LNG and Corpus Christi LNG Stage 3 plants, the EIA said in its Short-Term Energy Outlook (STEO). Read more.
