LNG prices are likely to remain above the average of recent years not impacted by exceptional events, but will trend down in order to re-stimulate lost demand for the fuel.
The number of LNG-importing countries is on the rise, even if plans in a number of mainly low-income countries have stalled. Meanwhile, talk of gas demand destruction may be overestimated – demand has instead been suppressed. [Gas in Transition, Volume 3, Issue 11]
Natural gas supplies to China via the Power of Siberia pipeline have surged by 1.5 times since the beginning of 2024, Russian media agency Interfax reported on Jan. 4.
Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.
German utility RWE on Jan. 1 handed over floating liquefied natural gas (LNG) infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal (DET) as agreed when first imports arrived 10 months ago, it said.