Insight
The US LNG boom: what’s driving investment and what could shift the momentum
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
US LNG development reached historic heights in 2025 with nearly 67 mmtpa reaching FID - representing over $60 billion in capital commitments and setting a new industry record. This unprecedented boom reflects the rare convergence of three critical factors: comprehensive policy support across all branches of US government, abundant capital availability through innovative financing structures, and robust buyer appetite from both end-users and portfolio players. However, as the global market looks increasingly well-supplied, we analyze what could shift the momentum in this critical energy sector and identify the key factors to watch in the coming quarters.
Table of contents
- Executive summary
- Record-breaking year: the numbers behind the boom
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The convergence: three forces aligned
- Policy support: full government alignment
- Capital availability: deeper pools, creative structures
- LNG contracting: buyers return in force
- Grey clouds on the horizon
- What could shift the momentum: the three forces reassessed
- Conclusion: watch for when the music stops
Tables and charts
This report includes the following images and tables:
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Capacity of LNG projects taking Final Investment Decision by year (mmtpa)Timeline of key policy actions by branch of government, colored by domestic or international impactCapital commitments at FID ($ billion)US LNG SPAs signed by buyer type by quarter (mmtpa)
What's included
This report contains:
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