Short term gas demand growth has made near-term economics of LNG projects very favorable. European countries are rushing to deploy floating LNG import vessels this autumn. LNG exporters that came too late to the party face the risk that their new projects could become stranded assets. Desperately scrambling for non-Russian gas supply to keep the lights and heating on this winter, Europe is driving a surge in liquefied natural gas (LNG) imports and prices. The near-term economics of LNG projects are appealing. But if the EU is set to achieve its target to reduce overall gas consumption by 30% by the end of this decade, some LNG infrastructure—both in importing and exporting countries—could become stranded assets. Instead of providing LNG for decades to come, some projects may not be needed anymore, especially if the LNG market turns into a surplus after 2026, as some analysts expect, when several major […]