James Wyper on the Expanding Role of U.S. LNG in the Global Energy Transition
As global energy demand continues to rise, U.S. liquefied natural gas (LNG) has emerged as a key contributor to the energy transition across multiple geographies. In June, Stonepeak Senior Managing Director and Head of U.S. Private Equity James Wyper shared his outlook for this important subsector with Reuters.
“We see broad based and long-term demand growth for LNG driven by end customers in both Asia and Europe,” he told the publication. “In Asia, countries like Japan, South Korea, China, and India are all supporting and/or driving demand due to growing economies and increasing energy needs. Europe, on the other hand, is seeking to diversify its energy mix, improve supply resiliency, and reduce dependency on Russian gas.”
He continued, “At Stonepeak, we’re believers in the medium and long term relevance of LNG and natural gas as a transition fuel, providing cleaner, cheaper, dispatchable energy to less resource-rich markets, and believe the commercial frameworks underpinning many of the business models in the sector – which provide for long term, contracted cash flows – are prime targets for infrastructure capital.”