Botão, R.P.; de Medeiros Costa, H.K.; dos Santos, E.M. Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future. Energies2023, 16, 5223.
Botão, R.P.; de Medeiros Costa, H.K.; dos Santos, E.M. Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future. Energies 2023, 16, 5223.
Botão, R.P.; de Medeiros Costa, H.K.; dos Santos, E.M. Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future. Energies2023, 16, 5223.
Botão, R.P.; de Medeiros Costa, H.K.; dos Santos, E.M. Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future. Energies 2023, 16, 5223.
Abstract
This article provides a comprehensive analysis of the global gas and liquefied natural gas (LNG) markets. The article begins by discussing the increasing demand for gas and LNG, particularly in Asia, as countries aim to transition to cleaner sources of energy. It explores how market volatility has led to energy security interventions and lasting economic and emissions impacts. It then explores the global supply and demand dynamics, highlighting the structural change expected in the market and the competition between Europe and Asia for limited new LNG supply. The article also focuses on Europe's increased flexibility and dependence on LNG imports, which have risen by 60% to 121 million tonnes, offsetting lower Russian pipeline imports. Furthermore, the article delves into global supply and demand dynamics, how the market is expected to remain tight, and how record gas and LNG prices have led to demand reductions. Additionally, it analyzes the future outlook and investment needs, highlighting the continued uptake of gas in heavy-duty transport and the need for further investment to avoid a supply-demand gap. The article concludes with an analysis of the implications for the future of the global gas and LNG markets.
Keywords
global gas; LNG; supply and demand dynamics; market outlook; investment needs
Subject
Environmental and Earth Sciences, Environmental Science
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
