Demand

The global LNG market might be tighter than previously anticipated in the long-term amid a projected supply gap of around 120 million tonnes per year in 2040, a Wood Mackenzie conference heard on Tuesday.

The IEA recently revised down its gas demand forecast by 40 percent due to the war in Ukraine. Experts see a peak in gas demand just over the horizon.

The new demand response service offers financial incentives for users that voluntarily flex their electricity usage, in an effort to curb energy use.

Fundamental LNG market changes will be felt for the rest of the decade, including in Asia-Pacific — home to two-thirds of global LNG demand — according to a new report.

A substantial gas export facility could be offline until later this year.

Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.