Among their many roles, natural gas and LNG offer security of supply during times of disruption, an economic resource for emerging economies and a lower-carbon alternative to higher-emitting fuels. The urgency to unlock this value and meet energy demand has created a robust and competitive global market. But projects often run into long lead times due to financing constraints, policy uncertainty, supply chain bottlenecks, labor shortages and other factors. Where are we in the LNG investment cycle? Is industry investing sufficiently in the long-term growth of LNG? What policies are needed to address industry constraints and support long-term supply?