A record 300 billion cubic meters of new annual liquefied natural gas (LNG) export capacity is expected to come online worldwide by 2030, according to the International Energy Agency’s (IEA) Gas 2025: Analysis and Forecast to 2030 report, APA-Economics reports.
The report highlights that the main contributors to this growth will be the United States and Qatar. In particular, the United States has already approved over 80 billion cubic meters of annual LNG liquefaction capacity for 2025 — a record for the U.S. LNG sector.
“This unprecedented expansion in capacity will strengthen global energy security and ease market tensions that emerged after a period of severe shortages,” the report notes.
According to the IEA, global gas markets have gradually stabilized following the shock caused by Russia’s invasion of Ukraine in 2022, though prices remain well above historical averages, limiting demand — especially in price-sensitive Asian countries.
The report forecasts that global gas demand growth will slow from 2.8% in 2024 to below 1% in 2025. However, with the expansion of LNG liquefaction capacity, the net annual supply of LNG is projected to increase by 250 billion cubic meters by 2030.
“If no major disruptions occur, this will likely lead to lower prices and a subsequent rise in demand,” the IEA concludes.
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