America’s LNG infrastructure boom is built on shaky ground
The US has drastically scaled up its LNG production capacity, becoming the world’s largest exporter of the fossil fuel, but the boom could soon come to an end, posing significant investment risks
For the multi-decade climate fight, competing visions of the future are a battleground. The International Energy Agency (IEA) has been publishing its ‘World Energy Outlook’ (WEO) for decades, and the multilateral body has chosen a collection of future scenarios that skip between climate, energy security and global growth outcomes; often weighted towards one end of that trio depending on the era.
After a half-decade of centering a new ‘net zero’ scenario, the IEA has flipped back to including a high-fossil future called the “current policies scenario”, or CPS under pressure from the Trump administration, according a report by Politico.
The CPS used to be a mainstay of the world energy outlook until it was dropped in 2020. In 2025, it is back, and it has directly affected one of the most significant global energy trends at play right now: the rapid, unprecedented build-out of liquefied natural gas (LNG) infrastructure in the United States predicated on a massive volume of assumed future demand.
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