Is the LNG narrative getting too loud?
It feels like every other energy market discussion these days is dominated by LNG export capacity, the buildout, and the presumed insatiable demand for decades to come. While the structural shift towards gas is undeniable, I can't help but wonder if the market's current pricing, and the sheer volume of capital pouring into new projects, is front-running a bit too aggressively. We've seen cycles like this before where the 'next big thing' gets oversubscribed, leading to a period of supply indigestion. Is the market accounting enough for potential demand destruction from persistently high prices, or unexpected shifts in geopolitical energy strategy down the line?
I'm curious to hear from others who are perhaps looking at the longer-term picture or have a different angle on the global gas market. Push back on this. Am I missing something fundamental?
It's a valid concern. The consensus can often get ahead of itself, and the long-term demand projections don't always account for potential disruptions or shifts in energy policy.