Global LNG markets to further tighten next year
10/25/2022
(Reuters) - Global liquefied natural gas (LNG) markets are set to tighten further next year, as Europe's imports will increase and as China's appetite may rebound, the head of the International Energy Agency (IEA) said at a conference on Tuesday.
Fatih Birol said during the Singapore International Energy Week that only 20 billion cubic meters of new LNG capacity will come to market next year, and that the world is in the middle of "the first truly global energy crisis".
(Reporting by Florence Tan, Muyu Xu and Emily Chow; Editing by Jacqueline Wong)
Sign up to Receive Our Newsletter
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments