Key Facts
• October 27, 2025: IEA released its mid-term gas outlook report, “Gas 2025.”
• LNG production capacity to grow by 300 billion cubic meters annually by 2030.
• Net LNG supply expected to increase by 250 billion cubic meters annually by 2030.
• U.S. and Qatar are key contributors to LNG export capacity growth.
• Global gas demand projected to rise 1.5% annually from 2024 to 2030.
• Asia-Pacific to account for 50% of demand growth; Middle East for 30%.
• Saudi Arabia transitioning power generation from oil to gas.
• Prices expected to decline, spurring demand, barring unforeseen disruptions.
• IEA notes market recovery since 2022’s supply shock caused by Russia-Ukraine war.
• Prices remain above historical averages, limiting demand growth.
• IEA warns against complacency amid geopolitical tensions and economic uncertainties.
Summary
The International Energy Agency (IEA) forecasts record growth in global LNG production capacity by 2030, driven by the U.S. and Qatar. According to the “Gas 2025” report, LNG export capacity will increase by 300 billion cubic meters annually, with net supply rising by 250 billion cubic meters. This expansion is expected to ease price pressures and stimulate demand, provided no major disruptions occur. Global gas demand is projected to grow 1.5% annually from 2024 to 2030, with Asia-Pacific and the Middle East leading the increase. Despite market recovery since the 2022 supply shock caused by the Russia-Ukraine conflict, prices remain above historical averages, curbing demand. The IEA emphasizes the importance of vigilance amid geopolitical and economic uncertainties, even as the LNG supply surge offers stability to global gas markets.
