Global LNG Market Faces Looming Supply Glut After Years of Scarcity

The global market for liquefied natural gas faces a multiyear supply glut starting in 2026, potentially pushing prices for the crucial fuel to the lowest since the energy crisis triggered by Russia’s full-scale invasion of Ukraine.

After four years of tight markets, the International Energy Agency expects the biggest boost in LNG production next year since 2019. Exports from the US are already booming as Venture Global Plc’s new plant in Plaquemines, Louisiana ramps up faster than expected, and more big projects will follow with the enthusiastic support of the Trump administration.