Perspective

Perspective. How portfolio players may be fuelling LNG’s boom and bust

In its 60-year history, the LNG industry has undergone many seminal shifts. Perhaps one of the most significant has been the evolution of the “portfolio player”.

Sep 2025 Adam Bradfield

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With trade tensions simmering between the world’s biggest LNG exporter and importer – the US and China, respectively – the role of portfolio players may become even more pivotal, with agile companies standing to make substantial gains.

We view portfolio players as arguably the most consequential group of players in the LNG ecosystem. But how have portfolio players changed the LNG industry? And could they be exacerbating its cycle of boom and bust?

Learn more through our Perspective.