Global LNG supplies are on track to rise by 80% by 2030, driven by new projects in Qatar and North America, a new forecast from Goldman Sachs suggests.

This strong increase in supply is expected to put an end to the current energy crisis that followed the Russian invasion of Ukraine.

According to these expectations, investments in liquefied natural gas projects will increase by more than 50% by 2029, and this increase is due to several factors, the most important of which is the steady growth in global demand for natural gas over the coming decades, driven by factors such as the shift from coal to natural gas and the increasing concentration To reduce carbon emissions.

One of the factors for increasing investments in natural gas projects is the growing role of the United States as the largest exporter of liquefied natural gas in the world, and it is expected to continue to play a major role in meeting the growing global demand for natural gas, as well as the expansion of liquefied natural gas projects in Qatar, which is the largest producer. LNG production in the world, and plans to significantly increase its production in the coming years.

The rise in LNG supplies will lead to a major shift in the oil and gas industry, and as demand for crude declines in the long term, oil and gas companies are expected to increasingly invest in natural gas projects.

Goldman Sachs forecasts indicated that oil and gas companies will still be able to achieve attractive returns for shareholders if crude oil prices remain in a range between $80 and $90 per barrel.