September 29, 2022 11:09 GMT
The LNG market may be tighter in 2023 versus this year – especially if Chinese demand ticks higher – the IEA said today.
- The European push to replace Russian gas has tightened markets but that has only been possible because of weak Chinese demand, IEA’s Birol said.
- “If the Chinese economy recovers next year, it will be difficult for Europe to attract so many LNG imports,” he said. “The same applies to India.”
- “The tensions between Europe trying to get LNG for the next year vis-a-vis emerging Asian countries may lead to geopolitical frictions.” he added.