LNG investments will peak at $42 billion in 2024
According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, a 50 per cent jump from current spending. Illustration only; Courtesy of Bechtel As the global energy crisis deepens , investments in new LNG infrastructure are set to surge, reaching $42 billion annually in 2024, Rystad Energy research shows. These greenfield investments are 200 times the amount in 2020 when just $2 billion was invested in LNG developments due to the pandemic. However, project approvals after 2024 are forecast to fall off a cliff as governments transition away from fossil fuels and accelerate investments …