Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.
LNG coming online between 2026 and 2029 has raised concerns of a supply glut that could depress prices, with projects like Golden Pass LNG on the U.S. Gulf Coast and Qatar's North Field Expansion expected to contribute sizeable volumes.
"We always thought the market would have some kind of oversupply between 2025-2030 (and) beyond 2030 you will have a shortage," Kaabi said, adding that demand expectations have increased "mainly due to... AI and data center requirements".
"If all this pans out, I think there will be a shortage, instead of an oversupply by 2030," he told LNG2026 in Doha, referring also to Europe emerging as a major LNG buyer since ending Russian gas imports after Russia’s invasion of Ukraine.
Energy executives at the event outlined a bullish long‑term outlook for LNG, although views differed on how far a wave of new supply would weigh on prices later this decade.
Shell CEO Wael Sawan said "the world is adding
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