IEA says linger on who will scoop up new LNG wave

The most bullish scenario for gas demand sees global LNG appetite rising in line with supply until the end of the decade and even slightly exceeding already planned export capacities by 2035. Photo by Ian Smith/Postmedia files

The global market could absorb a record wave of new supply of liquefied natural gas (LNG), but much depends on net zero policies and renewables growth , the International Energy Agency (IEA) said.

The IEA said it revised up overall gas demand in its World Energy Outlook published Wednesday, but “questions still linger about where all the new LNG will go.”

Global LNG capacity is set to rise by about 50 per cent by the end of the decade — the biggest build-out in the industry’s history — with suppliers and market watchers trying to gauge how deep and how