O’Melveny Worldwide

Law360: Liquefied Natural Gas Outlook: Industry Under Pressure

March 8, 2023

O’Melveny’s partner Monica Hwang and associate Silvia Smith co-authored this article discussing changes in the liquefied natural gas (LNG) market over the past year and the increase in demand for development of US LNG projects. “High LNG and gas prices in Europe, driven even higher by Russia’s invasion of Ukraine, made clear to importing countries the need to boost their energy security by developing more LNG supply sources,” the authors wrote. “Developers of US LNG export projects captured the majority of long-term LNG contracts concluded last year, making 2022 a banner year for the industry. But in 2023, the LNG industry is grappling with a few key uncertainties.”

Read the full article here.