Global liquefied natural gas (LNG) markets face a looming downturn as renewable energy sources increasingly undercut the economics of gas. Despite those predictions, major producers like Exxon Mobil, Shell and Woodside Energy plan to boost supply by about 50% by 2030. Some fossil fuel executives start to worry this expansion could create a supply “bubble,” but renewable energy’s rapid cost declines and deployment advantages may make the situation even worse, potentially leading to oversupply and price pressures.
