News Formal

LNG Market Crucial for Energy Security and Decarbonization Plans

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 68%

Global LNG Market News

IEA,Price Volatility,Japan

Global LNG markets are volatile due to the Russian-Ukraine war, which led the IEA to introduce measures for price stability, transparency, and trade facilitation.

Global liquefied natural gas markets LNG are in a prolonged state of flux. The ongoing Russian war in Ukraine has continued to create waves in global energy markets, and the instability has resulted in significant price volatility across markets. While LNG prices have fallen recently, they are still extremely high, at double the average price for liquified natural gas over the last five years, placing a major squeeze on net importers of the fossil fuel.

Due to what could prove to be an overcorrection and over-purchase of LNG supplies in the near future, Japanese firms are now scrambling to invest in markets across Asia to court potential buyers. 'Japanese LNG demand is uncertain, but the government wants to secure stable supply over the long term,' Yoko Nobuoka, senior analyst at LSEG, recently told Reuters.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shell Boosts Its LNG Business by Buying Trader Pavilion EnergyThe world's largest LNG trader is now doubling down on the sector as it signed a deal to buy LNG trading firm Pavilion Energy
Source: OilandEnergy - 🏆 34. / 68 Read more »

Russia's Novatek Looks to Market LNG in ChinaNovatek faces challenges selling liquefied natural gas to China due to competition from pipelines, lack of infrastructure, and Western sanctions on its Arctic LNG 2 project.
Source: OilandEnergy - 🏆 34. / 68 Read more »

'Next UK Government must reform energy market to bring down soaring bills'EXCLUSIVE: Housing coalition says both Westminster and Holyrood need to act to help hook households up to clean, cheap heat.
Source: Daily_Record - 🏆 9. / 89 Read more »

This Key Component of Europe's Wind Energy Boom Could Become a $20B MarketEurope is set to invest $20 billion in offshore substations this decade to support the rapidly growing offshore wind industry and meet ambitious renewable energy goals.
Source: OilandEnergy - 🏆 34. / 68 Read more »