China’s renascent LNG hunger may leave Europe 30 Bcm short of supply

Monday, 28 November 2022

Though gas storages in the EU are now 95 percent full, the International Energy Agency (IEA) warns Europe could face a gap of 30 Bcm in the 2023 summer refill season. Russian gas deliveries to the EU will most likely stay cut off and if China’s LNG imports recover to 2021-levels, they would capture over 85 percent of the anticipated rise in global LNG supply. 

Subscriber content

This content is available only to subscribers
please log in below or subscribe now / request a free trial