LNG continued to find European markets in gas year 2022/23

In the gas year that ended on September 30, Europe remained the key LNG demand growth region, importing 123 million tonnes (mt), an increase of 14 mt (13%) from GY 2021-22, and a significant rise of 54 mt compared to 70 mt in GY 2020-21. The two largest LNG importing countries, Japan and China, saw a combined decrease of ~20 mt in imports over the past two gas years, with each country reducing imports by about 10 mt from GY 2020-21 to GY 2022-23 (Chinese demand slightly increased in GY 2022-2023). Thailand on the other hand emerged as a key […]