At Any Rate Global Commodities: Rising LNG supply underscores need for demand-side infrastructure
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Nov 14, 2025 Otar Dgebuadze, an expert on global LNG supply and author of the Global LNG Analyzer 2035, and Nina Fahy, head of U.S. Natural Gas Research, dive deep into the dynamics of LNG markets. They discuss how rising supply contrasts with declining demand in established markets like China and Europe due to renewable energy shifts. The conversation highlights the urgent need for enhanced infrastructure in emerging markets, particularly in Asia, to absorb this excess supply while emphasizing the critical flexibility needed from the U.S. natural gas sector.
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Material LNG Supply Surge By 2035
- Global LNG supply could grow by ~400 BCM by 2035, nearly doubling current additions to a ~600 BCM market.
- About 200 BCM of that new supply is expected from the U.S., with Qatar, Canada, Mexico and UAE supplying most of the rest.
Demand In Established Markets Decelerates
- Demand growth in established LNG markets (China, Japan, Korea, Europe) is slowing due to domestic supply, renewables and nuclear.
- These slowing markets add only ~26 BCM of LNG demand from 2025–2035 versus the 400 BCM supply additions.
Emerging Asia Must Absorb Excess Supply
- The burden of absorbing new LNG supply falls on emerging markets in South and Southeast Asia.
- These markets need both lower prices and major infrastructure (regasification, storage, turbines) to materially raise LNG demand.