LNG Exporters Face Risk Of Stranded Assets Despite Current Demand Boom

Desperately scrambling for non-Russian gas supply to keep the lights and heating on this winter, Europe is driving a surge in liquefied natural gas (LNG) imports and prices.     The near-term economics of LNG projects are appealing. But if the EU is set to achieve its target to reduce overall gas consumption by 30% by the end of this decade, some LNG infrastructure—both in importing and exporting countries—could become stranded assets. Instead of providing LNG for decades to come, some projects may not be needed…