Despite challenges, major LNG producers push new projects to feed global power demand
May 21, 2025
(BOE Report) – Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply, rising project costs, and tariff uncertainty. LNG is widely seen as a transition fuel on the path to net-zero emissions. Governments worldwide are also prioritising energy security after Russia’s
