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How tight is the global LNG market over 2022-26?

This analysis is from BloombergNEF. It appeared first on the Bloomberg Terminal. The global LNG market is expected to be tight over 2022-26 as Europe’s quest to reduce its dependency on Russian gas increases demand for LNG.

Will a tidal wave of new LNG projects happen in 2025-27?

Although LNG markets may remain tight for several years, the global LNG market will see a tidal wave of new projects coming online in 2025-27 — creating the potential for an extended supply glut and a return to the low global prices. Russia’s invasion of Ukraine in February 2022 upended global liquefied natural gas (LNG) markets.

Will global gas demand rise in 2021 & 2025?

The recent developments have led to a considerable downward revision of gas’ growth prospects. Global gas demand is set to rise by a total of 140 billion cubic metres (bcm) between 2021 and 2025, according to the new Gas Market Report – less than half the amount forecast previously and smaller than the 170 bcm increase seen in 2021 alone.

Why did the natural gas price decline in November 2023?

Increased U.S. natural gas production in October and November 2023 contributed to the natural gas price decline in November. Indeed, when looking at seasonality the natural gas price is entering a period in which it tends to decline between November and mid-February, as we've stated in the Q4 2023 update of the Natural Gas Forecast.

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