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
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
