LNG power play
Weak prices are an opportunity for LNG-to-power developers. But projects need the right partners and location to succeed
It's no secret that a global liquefied natural gas glut has pressured prices from Europe to Southeast Asia. LNG imports into Japan now cost buyers just $8 per million British thermal units—less than half the price two and a half years ago. Europeans are importing LNG for even less, for around $5-6/m Btu. Faced with saturated gas markets and persistently low prices, both power buyers and gas producers spy an opportunity to develop LNG-to-power projects. These projects typically consist of an LNG import terminal to receive, store and regasify the LNG, and a connected gas-fired power plant to burn the fuel to produce electricity. Several LNG-to-power projects are under development or recently c
Also in this section
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season






