Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

Global gas: a tough balancing act

Editor by Editor
2 months ago
Reading Time: 1 min read
Global-gas
Share on FacebookShare on TwitterShare on Linkedin

The global gas market moderated down significantly in H1 2023, despite tighter supply conditions and primarily due to lower gas demand in key import markets both in Europe and Asia.

RELATED POSTS

natural gas prices

The new natural gas year: gas prices up in all key markets

1 day ago
LNG-prices

Review of last week’s global natural gas and LNG prices

1 week ago
LNG-prices

Review of last week’s global natural gas and LNG prices

2 weeks ago

Asian and European gas prices dropped by over 80% compared to their historic highs of last August.

This steep decline occurred despite a more tight supply picture: Russian piped flows to Europe by close to 40 bcm in H1 2023, while global LNG increased by a mere 3% or 9 bcm -not sufficient to offset the shortfall in Russian gas deliveries.

In this context, the demand side played a key role in softening market fundamentals: in Europe, gas consumption dropped by over 30 bcm in H1 2023, while storage injections were down by close to 10 bcm in Q2 compared to the same period of last year.

In Asia, China’s gas demand returned to double-digit growth by now (partly due to very weak hydro performance), but this growth was almost entirely offset by the demand reductions in the more mature markets of Japan and Korea.

Japan’s gas demand fell by over 10% in the first 5 months of 2023, amidst milder winter temperature and improving nuclear availability. The country’s nuclear output rose by close to 50% in H1 2023 as nuclear power plants are gradually returning to operations.

Asia’s muted gas demand was crucial to moderate down market tensions so far this year.

What is your view? How will gas markets evolve over H2 2023? Do you see any risks for renewed market tensions?

Source: Greg Molnar (LinkedIn)


RELATED POSTS

natural gas prices

The new natural gas year: gas prices up in all key markets

1 day ago
LNG-prices

Review of last week’s global natural gas and LNG prices

1 week ago
LNG-prices

Review of last week’s global natural gas and LNG prices

2 weeks ago
Tags: European gas crisisEuropean gas pricesEuropean gas security of supplyEuropean gas storageGreg MolnarLNG demandRussian gas exportsTTF prices
Editor

Editor

Related Posts

natural gas prices
LNG Contracts & Pricing

The new natural gas year: gas prices up in all key markets

1 day ago
LNG-prices
LNG Contracts & Pricing

Review of last week’s global natural gas and LNG prices

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of last week’s global natural gas and LNG prices

2 weeks ago
Australian LNG
Infrastructure

Australian LNG strike worries: 6.5 bcm of LNG supply at risk?

3 weeks ago
LNG-price-trends
LNG Contracts & Pricing

Review of natural gas and LNG price trends

3 weeks ago
Global LNG imports
Featured

August 2023 LNG stats: Asia grabs larger share of global LNG imports

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

China-LNG-demand

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

September 27, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 19, 2023
Freeport LNG

Freeport LNG seeing a recovery, with increased movement of tankers at the terminal

September 15, 2023

Recent Post

natural gas prices

The new natural gas year: gas prices up in all key markets

October 2, 2023
European LNG imports

Europe’s LNG imports drop by 20%

September 29, 2023
China-LNG-demand

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

September 27, 2023
LNG exports

Natural gas market in balance amid LNG movements and contract rollover

September 27, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 26, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 19, 2023

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

The new natural gas year: gas prices up in all key markets

Europe’s LNG imports drop by 20%

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

Energise your Wednesday!

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

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

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 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
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!