We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

Global short-term LNG demand tracker (Q1 2022)

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

04 March 2022

Global short-term LNG demand tracker (Q1 2022)

Report summary

Balances in 2022: From a fundamentals point of view, we should expect a loosening of the global LNG market this year. LNG supply is expected to grow by 17 Mt, facilitated by the start-up of two new supply projects in the US. Meanwhile, Asian demand growth – which absorbed all the additional LNG last year – is expected to slow down. This should leave more spot LNG available for Europe for the much-needed storage refill over the summer months. What to expect in 2022: Our base case scenario assumes that Russian flows on legacy contracts continue as planned. However, there is a range of other possible outcomes, and some of them require much higher LNG imports into Europe. To achieve this, Asian utilities would have to increase coal burn, but it is unclear whether additional coal supply would be available.

Table of contents

  • A slowdown in the growth of Asian LNG demand should loosen global gas balances, but risks to Russian pipeline flows are high and the situation could change quickly
  • Related reports

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    LNG Short Term Demand Q1 2022 (Data).xlsx

    XLSX 1.81 MB

  • Document

    LNG Short Term Demand Q1 2022.pdf

    PDF 2.57 MB

  • Document

    Global short-term LNG demand tracker (Q1 2022)

    PDF 732.54 KB