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The Coming Gas Bidding War

May 20, 2024

The U.S. Energy Information Administration (EIA) forecasts that U.S. liquefied natural gas (LNG) exports will continue to grow in the near future, adding bullish pressure to energy markets. 

Three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025. Net exports of U.S. natural gas have grown 6% to 13.6 Bcf/d in 2024 versus 2023. In 2025, net exports increase another 20% to 16.4 Bcf/d.

New LNG terminals will nearly double the amount of LNG that producers can export over the next three to five years. Buying natural gas will become more of a bidding war, pitting global demand against U.S. power and gas markets

The Coming Bidding War