The main feature of the current global energy crisis is the lack of LNG investments, namely in developing critical infrastructure, which can lead soon – by 2024 – to a significant growth of the natural gas market, up to $42 billion.

While Europe and Asia struggle with fuel supply shortages, the U.S. position as the world’s largest LNG exporter could strengthen significantly.

As the global energy crisis deepens, countries will struggle to find reliable sources of energy and investment in the latest liquefied natural gas infrastructure will surge, according to a Rystad research note released Wednesday. Analysts also predict that total natural gas production will reach 14.7 million bpd in 2030, nearly double the 8.7 million bpd in 2021. Total production, on the other hand, will peak at 16.3 million bpd in 2034.

The main LNG processing capacity by 2030 will come from America, with the U.S. as the leader – about 30% of global natural gas consumption, while the Asia-Pacific region will account for about 25%.

Texas received the lion’s share of the investment – $10 billion for the Exxon Mobil (NYSE:XOM) and Qatar Energy Golden Pass LNG development project. Another $13.2 billion went to Louisiana to build the Venture Global Plaquemines LNG project.

Today, Europe is immersed in the biggest energy crisis in history. European countries face unprecedented difficulties and challenges. 

Earlier, we reported that Russia may offer Asian countries discounts of up to 30% on Russian oil.