Wave of new LNG export plants threatens to knock gas prices – Reuters

Wave of new LNG export plants threatens to knock gas prices – Reuters

HOUSTON, March 14 - A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.

Proposed and approved new LNG plants would boost LNG supply by 67% increase to 636 million tonnes per annum (mtpa) by 2030 from 2021 levels, potentially saturating the gas market.

"There's over a trillion dollars of natural gas infrastructure being built in the world today. There's a set secular shift and natural gas that is here to stay," said Jack Fusco, CEO of LNG exporter Cheniere Energy at a conference in Houston last week.