A World in Need of More Gas Isn’t Getting New Supply Fast Enough
With countries still reeling from the energy crisis, delays to LNG projects push relief prospects further out.
The Venture Global Plaquemines LNG plant under construction in Louisiana.
Photographer: Bryan Tarnowski/BloombergThis article is for subscribers only.
A wave of new liquefied natural gas supply from projects agreed years ago in anticipation of surging demand keeps getting pushed back, threatening to extend the global energy crisis.
Delays from the US to Mozambique promise little imminent relief from high fuel prices, despite more than $200 billion in investments that were supposed to flip the LNG market into oversupply as early as 2025.