global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Demand

Five key take-aways from the 2023 global gas markets

Editor by Editor
1 year ago
Reading Time: 1 min read
global-gas-market
Share on FacebookShare on TwitterShare on Linkedin

2023 was another wild ride for global gas markets. And the 5 key developments for me are:

RELATED POSTS

LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

13 hours ago
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

3 weeks ago

(1) Gas markets moved towards a gradual rebalancing, with TTF and JKM prices declining by 60% and 50% compared to 2022 – albeit remaining well-above their historic averages;

(2) A dry year for LNG: global LNG supply increased by a mere 13 bcm, less than half of the additions through 2016-2022, and not sufficient to offset the steep declines in Russian piped gas deliveries to Europe;

(3) A new king in town: the US became the world’s largest LNG producer, ahead of Australia and Qatar. The come back of Freeport LNG and the ramp-up of Calcasieu Pass LNG propelled the US to the first place;

(4) The Dragon is back: China regained its position as the world’s largest LNG importer ahead of Japan. The country’s gas demand increased by an estimated 7%, supporting higher LNG imports, which rose by almost 15% -although remaining below their 2021 record levels;

(5) Europe’s gas demand dropped by 7% to its lowest level since 1995 – primarily due to lower gas burn in the power sector and lower gas use in residential / commercial. Industry is showing the first signs of recovery – albeit fragile and highly dependent on prices.

LNG shipping risks are back in full swing, with Panama Canal congestions and geopolitical tensions rising across the Red Sea.

What is your view? What were the key development in 2023? And what are your expectations ahead of 2024?

Source: Greg Molnar


RELATED POSTS

LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

13 hours ago
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

3 weeks ago
Tags: China LNG demandGreg MolnarJKM pricesLNG shippingPanama CanalTTF prices
Editor

Editor

Related Posts

LNG-supply-wave
LNG Demand

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

13 hours ago
Asian-LNG-buyers
LNG Contracts & Pricing

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
LNG-sabine-pass
LNG Contracts & Pricing

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

3 weeks ago
feedgas-LNG
LNG Projects

LNG feed gas dips; JERA deal propels Rio Grande train 5 toward FID

4 weeks ago
Chinas-gas-consumption
LNG Contracts & Pricing

China’s role in the global LNG market may become less dominant

2 months ago
LNG-exports
LNG Supply

Russia aiming to increase LNG exports by 100bcm by 2030

2 months ago
No Result
View All Result

Trending Posts

LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025
LNG-prices

Review of natural gas and LNG prices

June 4, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025

Recent Post

LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

June 24, 2025
TTF-prices

TTF prices rose to above €40/MWh

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly review of natural gas and LNG prices

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

Asian LNG buyers are most exposed to Strait of Hormuz crisis

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.