Energy supermajors are significantly increasing their investments in liquefied natural gas (LNG) to diversify their portfolios and meet the rising global demand for cleaner energy sources. This trend comes despite warnings from analysts and the International Energy Agency (IEA) that gas demand may peak by the end of the decade. The push towards LNG is seen as a strategic move to capitalize on the current market dynamics, which favor natural gas as a transitional fuel in the shift towards renewable energy.

The growing focus on LNG investments by major oil companies could reshape the energy landscape, potentially leading to increased competition among producers. As these companies ramp up their LNG capabilities, they may face challenges related to regulatory scrutiny and market volatility. The IEA's prediction of a plateau in gas demand raises questions about the long-term viability of these investments, prompting analysts to caution against over-reliance on LNG as a future growth driver.