Energy and transition economics
2026-04-26
11 minute read
22 sources
The 2026 to 2027 LNG supply wave: 130 mtpa of new liquefaction, Henry Hub pressure, and the buyer's window
Five United States projects plus the Qatari North Field expansion add roughly 130 million tonnes per year of nameplate liquefaction between 2025 and 2027. Henry Hub feedgas demand clears 16 billion cubic feet per day, TTF and JKM spreads compress, and European buyers face a contracting decision they cannot defer.
Global LNG export capacity is set to expand from roughly 480 million tonnes per year at end 2024 to a notional 610 million tonnes per year by end 2027, the largest concentrated build out in the industry's history. The United States contributes Plaquemines (13.3 mtpa), Corpus Christi Stage 3 (10.0 mtpa), Rio Grande Phase 1 (17.6 mtpa), Por...