LNG prices to soften by end of decade: TotalEnergies CEO

Global prices of liquefied natural gas (LNG) are expected to soften by the end of the decade as new supply comes online, the CEO of French energy firm TotalEnergies said in Qatar on Tuesday.

LNG supplies are expected to increase by around 100 million tonnes per year, or around 20%, by 2030, particularly from new projects in Qatar and the United States, Patrick Pouyanne told reporters at a groundbreaking ceremony for the expansion of Qatar’s giant North Field LNG facility.