Capex on new LNG capacity has significantly increased over the past several years
Global LNG analysis report 2023 — Part 1
Decarbonisation and the war in Ukraine are just two of the factors driving the massive investment in liquefaction and regasification around the world. The first part of this deep-dive analysis looks at developments in Africa
Numerous trends are driving the short-term and long-term demand for gas globally. These include, but are not limited to, decarbonisation efforts by numerous countries around the world and Russia’s war with Ukraine. In turn, capex on new LNG capacity—both liquefaction and regasification—has skyrocketed over the past several years, with hundreds of billions of dollars in announced investments under development globally. According to the Gas Exporting Countries Forum (GECF), global gas demand will continue to increase to 2050 (see Fig.1). The forum’s report, Global Gas Outlook 2050, sees demand surging to more than 5,600bn m³/yr by 2050. Nearly 50pc of the demand growth will come from the Asia-
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
