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LNG Markets May Be Tighter Next Year: Birol

LNG

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.
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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.