Europe expects a limited increment in its LNG imports in winter 2023/24

The volume of LNG available for Europe in winter 2023/24 will also depend on both the volume of LNG produced globally, and LNG demand outside Europe. Supply continues to grow, with global exports in January-November (492Bcm) up 2.4per cent (11.4Bcm) year-on-year, which is notably lower than the growth of just over 5 per cent (22-24Bcm) seen in 2021 and 2022. In that regard, the world is still waiting for the next big supply wave, which will hit in 2025-2028.