- The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of the International Energy Agency (IEA).
- With no supply from Russia via the key link Nord Stream to Germany, now indefinitely – and possibly forever – closed, the EU is turning to North Africa and Norway for additional pipeline supply and to LNG, mostly from flexible-destination U.S. supply, to replace Russian gas.
- Reduced energy supply due to the sanctions against Russia and Moscow shutting down key pipeline gas export routes will leave Europe scrambling for oil and gas well after the coming winter as the current crisis is not “a one winter story,” according to analysts at consultant Energy Aspects.
IEA: LNG Market To Be Even Tighter In 2023
