Global LNG outlook 2023-27
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA), which analyzes LNG supply and demand developments in Europe, Asia, Australia, the U.S., and Qatar. The report finds that last year’s LNG market turmoil—characterized by record high prices and unreliable supplies—has undermined long-term LNG demand growth in both Europe and Asia.
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