A wave of new liquefied natural gas supply from projects agreed years ago in anticipation of surging demand keeps getting pushed back, threatening to extend the global energy crisis.
Delays from the US to Mozambique promise little imminent relief from high fuel prices, despite more than $200 billion in investments that were supposed to flip the LNG market into oversupply as early as 2025.
For some countries, new sources of gas couldn't come fast enough. Germany hasn't seen two consecutive quarters of growth since before the energy crisis sent its manufacturers tailspinning. And while Europe saw two exceptionally mild winters in ...