Mideast Oil Giants Bring Their Billions in Search of LNG Riches

A new breed of investors is expanding into liquefied natural gas, one of the world’s hottest commodities, offering billions of dollars for new projects and squeezing out established players.

With financial firepower at their disposal and strong government backing, national oil companies — primarily from the Middle East — have been splurging on global LNG production, with capacity set to nearly double in the next 10 years.