Global gas demand remained stable in 2023 rising by just 1 bcm. This was not sufficient to recover the losses seen in 2022 when overall demand dropped by 0.4% (15 bcm). In Europe, natural gas demand fell by 7% (34 bcm) in 2023, down to its lowest level since 1994. Similarly, gas production in the region declined by around 7% driven by decreases in its top producing countries, Norway, UK, and the Netherlands. Gas demand in the Asia Pacific region grew nearly 2%, driven by China and India’s 7% growth increases. When combining all trade routes, whether by sea or […]
