LNG

Australia said that liquefied natural gas demand is expected to increase by just under 2.5 percent in 2024, largely driven by the needs of customers in Asia-Pacific nations and by market dynamics in China.

Australia, a main exporter of LNG to Asian nations, said the spot price was recovering at a modest rate and heading for former higher levels, only partially offsetting the lower prices on the bulk of LNG supply which is still in the grip of weak oil prices.