LNG quarterly report: South Asia continues to draw cargoes away from Europe

During July-September 2023 South Asia grew its share of the global LNG market, drawing cargoes away from Europe, but tensions rose. Lower spot gas prices and full storage levels in Europe allowed South and South-East Asia to increase their share of the global LNG market during July to September 2023. However, rising geopolitical tensions at the end of the period pose the threat of less benign market conditions over the winter ahead. Europe’s share of global LNG imports fell to 25% in the third quarter, down from 29% in the same period last year. The South Asian countries of Bangladesh, […]