U.S. to witness the highest liquefaction projects starts in North America by 2026
So 2026 will be the year when we will see a massive oversupply of LNG again. LNG has been on the boom-bust side of the equation for many years now. First, the failed North American El Dorado for LNG exporters, then Fukushima, then the China sucking sound. And now the Ukraine war. But LNG always got bigger and better in the process even when there were many projects that’s should have never seen the light of day. This boom-bust cycle will produce its share of duds. And we will digest it as the alternative is much worse.
The United States is set to drive North America’s upcoming LNG liquefaction projects count by 2026, contributing around 68% of the total project starts during 2022 to 2026, found GlobalData.