European Gas Market To Remain Tight Until At Least 2024 ...Middle East

Large volumes of new LNG supply are coming to the market this decade, but none of the huge export capacities currently under construction will make it in time to alleviate Europe’s tight gas market either in 2023 or 2024.  The United States and Qatar, the world’s top exporters of LNG, will have a lot of new capacity after 2025, easing the potential supply crunch but unable to help Europe with a new wave of gas supply either for the next winter or the winter after that.    Demand destruction amid high prices could…

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