Perspectives on global energy markets: gas demand continues to grow but may decline sharply under an alternative scenario

The past winter has been an ordeal in many parts of the world with an energy crisis that has had global ramifications and hit several sectors. Europe in particular has had to take unprecedented measures to sustain a balance in supply and demand of natural gas. They fared well, mainly due to milder than average temperatures and demand destruction and are now in a mode focusing on next winter’s energy supply security. A dilemma is that, partly because of European call on global LNG to counter the loss of Russian volumes, emerging economies in Asia had to increase their use […]