The global liquefied natural gas (LNG) market is anticipating a significant increase in production capacity in 2026. Analysts predict that this year will mark the starting point for a large-scale expansion of LNG infrastructure, a wave that will last at least until 2029.
This is reported by Finway
Increase in LNG Capacity: Key Players and Forecasts
According to estimates from S&P Global Energy, Kpler, and Rystad Energy, at least 35 million tons of new LNG production capacity will come online worldwide in 2026, equivalent to approximately 48.3 billion cubic meters of gas. The main drivers of this growth will be the United States and Qatar, as these countries will provide the largest increase in the market.
The total LNG supply volume globally is expected to reach 460–484 million tons, according to forecasts from Kpler, Rystad, ICIS, and Rabobank, which corresponds to 634–667 billion cubic meters. This represents an annual growth of up to 10%.
“2026 will mark the beginning of a large wave of new capacity coming online in the LNG market, which is expected to last at least until 2029.”
New Projects and Impact on Prices
Key contributions to the increase in global supply will come from projects such as Golden Pass LNG in the United States and the North Field expansion in Qatar. Production volumes will also rise at American facilities Corpus Christi and Plaquemines LNG, as well as at LNG Canada and Greater Tortue Ahmeyim off the coasts of Senegal and Mauritania.
The increase in LNG supply will facilitate the market’s transition from a deficit to a surplus, which will exert downward pressure on global prices and stimulate demand growth. This factor is expected to be decisive in shaping price dynamics in 2026.