Liquefied natural gas (LNG) suppliers may cede valuable market share to renewables as project costs skyrocket and buyers become more concerned about emissions associated with the super-chilled fuel, according to the Global Energy Monitor (GEM).

The nonprofit, which tracks energy projects around the world, in a recent report said North American suppliers are particularly vulnerable because of the high cost of production compared to rivals such as Qatar and Russia. The group receives funding from organizations including the Rockefeller Family Fund, the Sierra Club Foundation, and the Sustainable Markets Initiative. 

“Lower cost producers in the Persian Gulf and the Russian Arctic can easily underprice the higher cost producers in the U.S. and Canada,” according to the report....