Natural Gas News – November 9, 2023
Natural Gas News – November 9, 2023
Global LNG Supplies And Natural Gas Stocks To Likely Meet
Relatively full natural gas inventories in the United States and Europe as well as expanded global export and import capacity for liquefied natural gas (LNG) have improved the likelihood that supply will be sufficient to meet demand in global natural gas markets as we enter the upcoming 2023–24 winter season (November–March). However,
risks to this balance are associated with possible extreme weather and supply issues. LNG supplies from new LNG export projects that came online this year or that will start service this winter, in addition to greater output at existing facilities especially in the United States, should help balance global natural gas markets. The addition of new
LNG import facilities—both fixed terminal facilities and floating storage regasification units that convert LNG into pipeline-ready gaseous… For more info go to https://shorturl.at/iH234
What China’s Growing Appetite For Natural Gas Means
Consumption of natural gas in China fell by 1% in 2022 – the first annual decline in gas consumption in four decades, as the country’s zero-COVID strategy reduced economic activity. The fall in demand for natural gas in China was in line with global trends in 2022, with demand from Europe seeing its steepest drop on record. Meanwhile, consumption in Asia eased by 2% on a combination of slower economic activity, a warmer winter in the Northern Hemisphere, and steep LNG price rises, according to the International Energy Agency. For the whole of 2023, projections for natural gas demand are mixed. Consumption in Europe fell by an additional 10% in the first five months of this year, driven by lower residential and commercial demand in the first quarter, and then a steep drop in consumption in… For more info go to https://shorturl.at/ajvS9
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