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Nov 6, 2023 · Global LNG supplies and natural gas stocks will likely meet demand this winter 2023–24, but risks remain. Release date: November 6, 2023. Relatively full natural gas inventories in the United States and Europe as well as expanded global export and import capacity for liquefied natural gas (LNG) have improved the likelihood that supply will be sufficient to meet demand in global natural gas ...
Nov 14, 2023 · We expect approximately 4.0 billion cubic feet per day (Bcf/d) of additional and returning LNG export capacity to be available during winter 2023–24. The return to service of Freeport LNG in the United States has already boosted global LNG exports by 2.0 billion cubic feet per day (Bcf/d) so far this year.
Overall, more natural gas is in storage than last winter. Europe’s natural gas storage inventories are almost full near the start of 2023–24 withdrawal season. Europe has enacted policies requiring storage operators to maximize storage injections during the refill season to ensure availability of natural gas during the winter. Natural gas ...
Nov 3, 2022 · About this report. Amid the ongoing global energy crisis, Never Too Early to Prepare for Next Winter: Europe’s Gas Balance for 2023-2024 examines the latest developments in European natural gas and electricity markets, and in global LNG markets – assessing their implications for Europe’s gas balance in 2023 and 2024.
Sep 20, 2024 · September 20, 2024. Global demand for liquefied natural gas is expected to climb by 5% in the upcoming winter from a year earlier, to hit 218 million metric tons. With growth in North Asia and smaller markets squeezing the available LNG volumes for Northwest Europe and Italy, this could raise competition for cargoes and bring a slightly bullish ...
Sep 11, 2023 · Supply growth in summer 2024 is likely to be 4% year-on-year and will be dominated by Russia due to the ramp-up of Arctic LNG 2. New projects in West Africa and Mexico will also see rising output as they start operations in winter 2023-24. Global LNG demand in winter 2024-25 is set to be 3% higher than in the previous year.
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How much LNG will be available in winter 2023–24?
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torage are both putting downward pressure on prices. The U.S. is expected to enter winter 2 percent above the 5-year average with 3.7 Tcf of gas in storage, considerably more than last winter’s 3.5 Tcf levels, and. e GDP growth is expected to be around 1.3 percent. • Meanwhile, a winter that is 3% colder than last winter, and 3% colder than ...
