Insight
Global Gas and LNG: 5 things to look out for in 2024
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Report summary
The global gas and LNG market has rebalanced throughout 2023, perhaps more than many would have anticipated. Weak demand has been the biggest driver, further depressed by benign weather dynamics. But momentum for LNG investments and contracting activity has remained strong as players continue to position for a market with limited Russian gas to Europe and increasing Asian LNG demand. What does 2024 hold for the global gas and LNG industry? In this insight we highlight 5 things we'll be watching closely – and offer our predictions.
Table of contents
- 1) Gas/LNG prices to soften further, but volatility set to remain
- 2) Global gas demand growth to remain limited
- 3) Spot charter rates will soften, but risks remain – expect volatility
- 4) LNG contracting and FID activity to ease
- 5) Pace of energy transition will face challenges, providing risk to Asian LNG demand growth potential
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