On January 24th, US President Donald Trump’s plan to rapidly sell more liquefied natural gas (LNG) globally may face difficulties due to limited supply capacity this year and Europe’s unwillingness to commit to signing long-term agreements. The problem is that natural gas cannot be found overnight, “said Philippe Ducom, President of ExxonMobil Europe, at the Handelsblatt Energy Conference in Berlin.” A large amount of new LNG production capacity will not be put into operation until 2026-2027. “ExxonMobil has four LNG projects under development and is expected to start debugging production facilities in the United States and Qatar before the end of this year. Other US export projects will also begin to increase production, but most of the new supply will not be put into operation until 2027. After losing most of Russia’s pipeline natural gas supply, Europe turned to LNG to fill the supply gap, leading to an increase in demand for LNG.
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