The US and Qatar will capture approximately 55% of the global liquefied natural gas (LNG) market by 2035, but diversification of supply is important and new players are already emerging. This was stated by Philip Mshelbila, head of Nigeria LNG and the next Secretary General of GECF (who will take office in January 2026), at ADIPEC.
The US and Qatar have gained an advantage in the markets because they have been able to fill the gap caused by the decline in pipeline gas in Europe.
„I think one of the goals that buyers are pursuing, and we are seeing this in the market, is diversification.“ There have been a number of efforts to wean Europe off Russian gas, and it is the US and Qatar that have filled this gap, providing diversification. “We now see that between now and 2035, these two countries - the US and Qatar, will account for approximately 55% of global LNG supplies”, he said.
At the same time, the head of NLNG noted that recent events and rising prices have stimulated additional gas production, which is why new players are entering the market.