Global LNG markets face a precarious balance
Global LNG markets could find themselves in a delicate balance due to a potential slowdown in US projects and growing demand in Asia.
| Countries | Australie, Bangladesh, Royaume-Uni, Inde, Philippines, Thaïlande, Ukraine, Vietnam |
|---|---|
| Companies | S&P Global Commodity Insights, Shell |
| Sector | Gaz, GNL |
| Theme | Marchés & Finance, Analyse sectorielle |
According to Cecile Wake, President of Shell Australia, the combination of meeting energy needs and decarbonization objectives is driving countries like the Philippines, Thailand, Vietnam and Bangladesh towards LNG. This latent demand is a crucial factor for the LNG market, despite varying price elasticities between the region’s markets. In 2022, price-sensitive countries such as India and Bangladesh reduced their purchases due to high prices and volatile markets resulting from the war in Ukraine.
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