LONDON - Prospects for nearly half of the world's projects to build infrastructure for exporting liquefied natural gas have faltered in recent months, amid rising concerns about climate change, public protests and delays due to the coronavirus pandemic, according to a report published on Tuesday .
The vice president of the European Investment Bank said the report underlined the unacceptable risk of investing in LNG assets. The LNG industry has made big bets on a more positive outlook, as many analysts have predicted that demand would outstrip supply sometime in the next decade. "LNG infrastructure faces the risk of becoming stranded assets and should be avoided," said Erik Fransson, head of the fund department at the Swedish Pensions Agency, which has US$12 billion of assets under management.
LNG investment has had strong government support in many countries. And oil companies in the United States, Europe and elsewhere still plan to boost LNG exports over the next decade.
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