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Europe’s gas security strategy may not be 2024 ready
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Shi Weijun
5 October 2022
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Asian LNG demand may tighten market

Demand, rather than supply issues, could keep prices high next year

LNG balances may become further stressed next year if demand rebounds in Asian countries—in particular, China and India—prolonging the energy price spike that has pressured the global economy. “We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year,” IEA executive director Fatih Birol told the late-September LNG Producer-Consumer Conference. One of the reasons why Europe has been able to boost LNG imports “by a staggering 60pc” this year has been “sluggish economic growth” in China, Birol says. “If the Chinese economy recovers... it will be difficult for Europe to attract so much LNG.” “We may well see that the LNG markets in 2023 will be rather

Also in this section
Europe’s gas security strategy may not be 2024 ready
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Opinion
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Letter from Pakistan: More oil and gas needed, not less
Opinion
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
LNG freight must navigate chokepoints and bottlenecks
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges

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