While the green energy agenda is gaining widespread acceptance, natural gas, despite its low carbon emissions, is not considered a priority in future plans. Despite all this talk, the number and capacity of LNG facilities continues to increase. These investments demonstrate that natural gas will remain a key player in future plans. Between 2025 and 2030, a total of approximately 295 billion cubic meters/year of new LNG export capacity is expected to come online from projects that have reached FID (Final Investment Initiative) and/or are under construction. This represents the largest capacity surge in any comparable period in the history of the LNG market. This figure does not include capacity additions from Russia's Arctic LNG 2 project (27 billion cubic meters/year), Mozambique LNG (18 billion cubic meters/year), and Qatar's North West Field expansion (22 billion cubic meters/year).
The United States has been the dominant driver of LNG liquefaction project FIDs, accounting for more than half of the total since 2019. Qatar is a distant second with approximately 20% of total FIDs, while the remaining 30% is distributed among approximately a dozen suppliers in the Middle East, Africa, North America, South America, Asia Pacific, and Russia.
The chart below shows cumulative LNG liquefaction capacity additions from post-FID projects.
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