The global liquefied natural gas (LNG) market is experiencing significant growth, with supply expected to increase by 35%-50% by 2030. However, the market faces supply uncertainties due to sanctions on Russian fuel, aging plants, and attacks on vessels in the Red Sea. The United States has emerged as the largest exporter of LNG, surpassing Australia and Qatar in the span of about eight years, with new plants coming online this summer. Additionally, China is nearing peak gasoil demand as sales of LNG-fueled heavy-duty trucks surge, according to SPG Global.
In the span of about eight years, the US has surpassed Australia and Qatar as the biggest exporter of liquid natural gas. And new plants are coming online as soon as this summer - though growth after that isn't as clear. @SStapczynski explains https://t.co/SbM5xIeIj3 https://t.co/5qPE5V7xer
China nears peak gasoil demand as LNG-fueled heavy duty truck sales surge - SPG Global
#China nears peak gasoil demand as LNG-fueled heavy duty truck sales surge #oott https://t.co/n3T7U9I7Rj
The global market for liquefied natural gas faces supply uncertainty from factors including sanctions on Russian fuel, aging plants and attacks on vessels in the Red Sea https://t.co/v0o98vKBEn
The golden age of LNG has begun 🚢🚢🚢 📈 Global LNG supply is poised to increase another 35%-50% by 2030 https://t.co/L4uFj9cn0i