IEA: LNG Market To Be Even Tighter In 2023

The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of the International Energy Agency (IEA), said on Thursday. Europe, looking to slash its dependence on Russian pipeline gas, has significantly boosted imports of LNG in recent months. In June, for the first time ever, the European Union imported more LNG from the United States than gas via pipeline from Russia, after Moscow slashed supply to Europe. So far this year, Europe has seen a 60% spike in…