Global LNG: the long road to recovery

Global LNG prices have once again fallen to single digits following another winter of low demand. With any potential increase in demand expected to be minimal in the upcoming months, the market may face challenges in absorbing the limited supply growth anticipated for this summer. With the prospect of another summer of weak demand, benchmark spot prices for gas and LNG in Europe and Asia- Pacific have fallen back to around $9/mn Btu — levels last seen in mid-2021, when the market was still at the start of its climb towards its August 2022 highs. Prices may slide lower yet […]