5 February
Global LNG supply to see strongest growth since 2019 in 2026 — IEA
According to the International Energy Agency (IEA), global liquefied natural gas (LNG) supply is expected to increase by 7% (or 40 billion cubic meters) in 2026, which will be the sharpest growth since 2019. The surge will be primarily driven by the US and Canada, as well as the launch of Qatar’s North Field East project in mid-2026.
In 2025, global LNG production is forecast to grow by 5.5%, but the market will remain vulnerable to supply disruptions. Europe, which is actively replenishing its gas storages, is about to absorb most of the additional shipments.
The IEA expects that rising LNG output will lead to record demand next year, particularly in price-sensitive Asian markets, as well as in Africa and the Middle East. However, any delays in new project start-ups could tighten the supply-demand balance.
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