One way or another, U.S. liquefied natural gas is on course for a reckoning. One batch of bad news for the industry came in May, when the International Energy Agency reported that in a scenario for meeting current climate targets, “many of the liquefied natural gas (LNG) liquefaction facilities currently under construction or at the planning stage” are “not needed.” This week, a new report from the agency found that even the slowdown in gas demand projected to begin next year “may still be too high to match a net-zero emissions path.”Yet in May, American LNG exports climbed to record highs. LNG production here is currently on track to reach its highest-ever levels this year amid economic rec
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