Two competing energy blocs are emerging: a Russia-China landmass with extensive pipelines and China securing Central Asian gas plus domestic energy autonomy, and a Western Hemisphere zone with increasing synergies across North, Central, and South America.
The oil and gas market is entering a new phase of reconfigured trade flows and supply routes; within global LNG, new winners are emerging, with U.S. LNG seen as a potential big winner and the Western Hemisphere broadly advantaged, alongside new or growing suppliers in Africa and Asia.