A record wave of liquefied natural gas LNG projects coming online this decade is expected to transform global gas trade and improve affordability for emerging markets, according to the International Energy Agency IEA Gas 2025 outlook released in October.
The report forecasts that around 300 billion cubic metres of new LNG export capacity will be added by 2030 primarily from the United States and Qatar equivalent to a one-third increase in global supply. The IEA says this LNG wave will enhance energy security and could make gas more accessible to price-sensitive markets in Asia and Africa, provided infrastructure expands in step with supply.
Global gas demand is expected to rise 9 by 2030, driven by industrial and power sector growth in Asia and the Middle East. The agency notes that additional LNG capacity could moderate prices but warns that weaker macroeconomic conditions or slower infrastructure rollout may limit demand response.