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Commodity Market Report

Global short-term LNG demand tracker (Q1 2023)

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02 March 2023

Global short-term LNG demand tracker (Q1 2023)

Report summary

Chinese imports remain restricted to contracted volumes, despite the re-opening of the economy. Low forex reserves inhibit Bangladesh and Pakistan’s ability to pay, even for contracted cargoes. India continues to maximize domestic production and the use of alternative fuels. Europe maintains strong receipts of LNG while gas storage remains high. We expect a small increase in European gas demand for power over summer (via coal-to-gas switching), and for non-power gas demand to stop declining in 2023.

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    LNG Short Term Demand Q1 2023 (Data).xlsx

    XLSX 1.93 MB

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    LNG Short Term Demand Q1 2023.pdf

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    Global short-term LNG demand tracker (Q1 2023)

    PDF 1.31 MB