Planned expansion of LNG capacity will produce surplus gas and keep carbon emissions far above levels needed for net zero

4.0

Potential oversupply

1.9 GtCO2e

235% increase in capacity 2022-2030

3.0

Proposed

2.0

Approved

Under

construction

1.0

International

Energy Agency

2022 Net zero

scenario

Existing

capacity

0

2020

2030

2040

2050

Emissions from LNG consumption, gigatonnes of CO2 equivalent (GtCO2e)

3.5

Potential

oversupply

1.9

GtCO2e

235%

increase in

capacity

2022-2030

3.0

2.5

Proposed

2.0

Approved

1.5

Under

construction

1.0

Existing

capacity

International Energy Agency

2022 Net zero scenario

0.5

0

2015

2020

2025

2030

2035

2040

2045

2050