The International Energy Agency (IEA) warned on Tuesday that natural gas prices might rise in 2023

China, the world’s biggest natural gas importer, experienced a decline in demand last year as a result of COVID limitations.

China’s LNG demand is still a major concern for Europe since it could increase by 35% imports

As a result, the LNG market may become more competitive and prices might rise to those of previous summer.

In contrast, the amount of LNG delivered to Europe surged by 63% previous year.

Almost 1.6% less gas was consumed worldwide in 2017. In Europe, consumption declined by as much as 13% as high costs pushed some companies to reduce output & households to lower their heating.

In other places, it claimed that various pre-investment plans, including a few in Qatar & North America, had advanced towards a final decision.