LNG Supply Surge Around 2025 Could Ease Europe's Reliance on Costly Imports, Lower Prices

A wave of new LNG projects starting in 2025 could tip the balance toward a gas buyer's market and lower prices.

Europe now depends heavily on LNG imports after cutting off Russian pipeline gas since the invasion of Ukraine.

Demand for LNG in Europe is surging, with needs estimated to rise from 50 million tons pre-invasion to 140 million tons by 2030.

Qatar has pre-sold a large portion of its expanding LNG capacity to European buyers through long-term contracts running into the 2050s.

LNG prices will likely remain above pre-crisis levels for 1-2 more winters before new supply comes online around 2025.