الخميس, 04 تموز/يوليو 2024 05:19

Natural Gas Demand Remains High

Written by
Rate this item
(0 votes)

China has firmly established itself as the third-largest gas market globally, trailing only the US and Russia, and surpassing the EU. As China’s gas demand grows, suppliers see it as increasingly significant compared to the declining European market. 

 

The EU’s dependency on foreign gas producers, with its push towards biogas and biomethane falling short, complicates its supply security. Despite EU's efforts, its domestic gas production continues to decline, increasing its reliance on imports, with spot LNG providing critical equilibrium between Asia and Europe. 

 

Europe faces high gas prices and volatility due to limited global production capacity and logistical constraints. Recent geopolitical events and sanctions, including Uniper’s termination of Russian gas contracts and the EU's 14th sanction package against Russia, further challenge Europe's gas supply dynamics.


Finsum: Natural gas will definitely see policy volatility due to the upcoming election, but for the meantime China is keeping demand high. 

Read 649 times

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top