QatarEnergy's LNG project in Texas, co-owned by Exxon, faces potential delay to start in the second half of 2025 due to a worker shortage. This delay could impact global gas supply and lead to higher LNG prices. Other LNG supply issues include a production train offline at Gorgon in Australia and slow restart at the Freeport plant in the US, contributing to market volatility. Cheniere's Chief Commercial Officer Anatol Feygin highlights tightening LNG supply due to a heat wave in Asia and technical challenges at some plants. The expected global gas glut in 2025 may be delayed by at least a year, with the LNG market likely to remain tight through 2025, as worker shortages risk project delays in the US, while Egypt and Indonesia face output declines and increased domestic demand, alongside demand recovery in parts of Asia and Europe.
Global LNG market could remain tight through 2025, delaying an expected supply glut by at least a year 🚧 Worker shortage risk US project delays 🚢 Egypt & Indonesia face falling output and higher domestic demand 📈 Demand recovery in parts of Asia/Europe https://t.co/5Uz2c9zLK0
A global gas glut that was expected to hit in 2025 will likely be delayed by at least another year, writes @SStapczynski https://t.co/PtKz1egJLf
CHENIERE CHIEF COMMERCIAL OFFICER ANATOL FEYGIN: LNG SUPPLY TO TIGHTEN ON THE HEAT WAVE IN ASIA AND TECHNICAL CHALLENGES AT SOME PLANTS.
More LNG supply problems 🇦🇺 A production train at Gorgon in Australian will be offline for weeks 🇺🇸 The Freeport plant in the US has been slow to restart from maintenance 🎢 This is bound to breed more volatility in the global gas market https://t.co/N7I6xQUEZq
QatarEnergy LNG Project in Texas Risks Delay on Worker Shortage Golden Pass, co-owned by Exxon, may now start second half 2025 Longer start-up threatens global gas supply, higher LNG prices https://t.co/kXz0Jrf918