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Global natural gas report Q2

Global gas supply is set to remain tight in 2023 as incremental LNG supply won’t be enough to offset the expected drop in Russia’s piped gas deliveries to the European Union. The United States will account for over half of incremental LNG supply in 2023 to become the world’s largest LNG exporter. Improving feedgas availability in Africa remains an uncertainty in our outlook. China’s LNG imports returned to double-digit growth, supported by a recovery in internal demand. Nevertheless, the country’s LNG imports are expected to remain below their 2021 levels.

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