LNG Market Could Become Too Saturated By 2027 ...Middle East

A wave of new liquefied natural gas (LNG) export terminals is set to come online in the next few years, and it could have a significant impact on global gas prices. The projects could face stiff competition from cheaper renewable energy and a resurgence of nuclear power, potentially creating instability in the market and putting some projects on shaky ground, analysts say. By 2030, LNG supplies will increase by 67%, or 636 million tonnes per annum (mtpa), compared to 2021 levels ? enough to completely flood the global market. Cheniere Energy CEO…

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