Megaprojects have been increasingly developed during the last decades. Megaprojects have unique particularities in the liquefied natural gas (LNG) industry. They are significantly different from projects in other industry types since LNG requires a precise match of production, processing, transportation, and consumption, from strategic to operational decision-making. This introduces additional difficulties, risks, and challenges for proper and efficient project development and management. These challenges are mostly related to the highly complex, risky, and uncertain environment of the LNG value chain, particularities and complexities of LNG processes and projects, contractual and spot market trends, novel business models in the LNG industry, and the transition to renewable energy sources. They demand to identify opportunities for improvement, trends, challenges, and gaps for achieving breakthroughs towards improved and more successful management of LNG megaprojects, which is especially important given the current expansion of the LNG value chain in Qatar. The information and discussion provided herein are fundamental for adequately understanding and handling the complex, challenging environment within the LNG industry towards enhanced megaproject management capabilities. This work aims to provide information on the current scenario of the LNG expansion, discuss the importance of megaproject management within the LNG industry and the main challenges faced within this environment, and stimulate further studies on the topic.