Military Review

Head of the International Energy Agency: 2023 could be a difficult year for the LNG market in Europe

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Head of the International Energy Agency: 2023 could be a difficult year for the LNG market in Europe

In the coming year, Europe risks facing an energy crisis that will be an order of magnitude worse than the current one. The reason for this may be the difficult situation in the LNG market, Turkish newspaper Milliyet writes.


The authors of the article refer to the statement of the head of the International Energy Agency, Fatih Birol, who noted an unprecedented decline in the liquefied natural gas market. So, according to him, in 2022, the capacity of LNG exporters was at a record low level of 20 billion cubic meters. As a result, the supply on the market was very limited.

At the same time, according to Birol, Europe, which has lost about 60 billion cubic meters of gas from Russia, can bear the brunt. At the same time, the head of the IEA does not exclude that Russian supplies to the EU in 2023 may even fall to zero.

Consequently, the only option to prevent an energy collapse among the leaders of European countries remains the purchase of LNG, the production of which continues to remain at a record low level.

Meanwhile, Birol noted that China remains the largest consumer of liquefied gas today. According to the head of the IEA, the Celestial Empire in 2023 can completely “pull” the lion’s share of the LNG market onto itself.

As a result, if the scenario described above is implemented, the gap between supply and demand in Europe could reach 30 billion cubic meters, which would lead to devastating consequences for the economies of the EU countries.
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  1. tralflot1832
    tralflot1832 31 December 2022 12: 17
    +2
    So, there are already less than 900 Baku gas at TTF. Americans can already drive LNG to Southeast Asia. Australians are already buying LNG on the spot to fulfill contracts with Southeast Asia. And I suspect from whom.
    1. rocket757
      rocket757 31 December 2022 13: 01
      +2
      Redistribution ... there will be more gas for sale, and the price will also decrease.
      This is the kind of swing that will always swing up and down!
      But gas producers are not happy with such a swing, how to plan in advance whether it is worth investing in increasing production, because this is all very not in vain.
      1. Nyrobsky
        Nyrobsky 31 December 2022 16: 46
        +2
        Quote: rocket757
        Redistribution ... there will be more gas for sale, and the price will also decrease.
        This is the kind of swing that will always swing up and down!
        But gas producers are not happy with such a swing, how to plan in advance whether it is worth investing in increasing production, because this is all very not in vain.

        For Europeans, there is another ambush here. Even if there is a sufficient supply of LNG, Europe does not have the opportunity to accept and regasify it due to the insufficient number of receiving terminals, and therefore there is simply nothing to make up for the lost volumes of pipeline gas. Wherever you throw, everywhere is a wedge.
        1. rocket757
          rocket757 31 December 2022 18: 05
          +1
          There are not many fields with easily recoverable extraction of gas, the same oil, there are not many prospects there ...
          It is difficult, expensive to extract and not so fast, you need to have clear prospects for investing in such production! Geyropeisky bureaucrats were too smart and scattered the rake themselves, here and there! They will jump on them and ... and the gay European consumers of this, this and the third will not rejoice, everything is getting more expensive, from and to!
  2. voyaka uh
    voyaka uh 31 December 2022 12: 20
    +1
    So far, LNG prices have fallen sharply.
    The vaults in Europe are full.
    What will happen in a year? - only the Turks know ... fellow
    1. Simple
      Simple 31 December 2022 12: 35
      +5
      Quote: voyaka uh
      ...
      The vaults in Europe are full.


      In the past, Europe's storage facilities preferred pipeline gas.
      And now we would be glad to fill it, but physically in the next couple of years it is impossible to do it in the previous volumes.
      And the very idea of ​​underground gas storages, when they are fed with regasified gas from gas carriers, already looks absurd.
    2. stankow
      stankow 1 January 2023 15: 37
      0
      Because the fillings, and therefore the prices have fallen. And how will they empty ...
  3. Fangaro
    Fangaro 31 December 2022 12: 33
    -2
    Has Turkey already officially announced that it will withdraw its troops from the northern provinces of Syria?
  4. rocket757
    rocket757 31 December 2022 12: 57
    +1
    As a result, if the scenario described above is implemented, the gap between supply and demand in Europe could reach 30 billion cubic meters, which would lead to devastating consequences for the economies of the EU countries.
    . Come on, they will attach speakers to bicycles and pedal together!!! At the same time and warm up.
    The law of nature... decreased demand, will be reduced and supply!
  5. fa2998
    fa2998 31 December 2022 13: 02
    -7
    What is the article about? That Europe can "lose" gas supplies from Russia! And we rejoice?! Gas is not a shortage, many produce it. Even quotas were introduced so that the market would not collapse.
    And Russia will not lose Europe, ?? This is a natural consumer, nearby, through pipes, they have money. Now we will drive with discounts to China, or again with discounts (shared with intermediaries) around the world! Alien transport, insurance, competition in the market. hi
    1. gsev
      gsev 31 December 2022 15: 36
      0
      Quote: fa2998
      And Russia will not lose Europe, ??

      Russia has a budget surplus of $220 billion. She simply has nowhere to put her money, and Nabiullina will have to invest it in expanding the production of weapons for the Armed Forces of Ukraine. Naz sold to Bulgaria is converted there into ammunition with which thousands of Russians are killed and their cities are destroyed. If Putin, Mishustin and Nabiulina are not able to spend the proceeds for energy, then it makes sense for them to close the export shop to Europe. The sooner they do this, the less losses the Chechen and Russian troops will suffer during the NMD. You can start delivering hydrocarbons to the DPRK, whose drones fly briskly over the most protected by air defense and aviation capital in Asia and manage to shoot down enemy light attack fighters in their debut flight.
  6. Ionmoral
    Ionmoral 31 December 2022 19: 32
    0
    The reality is that some European countries will find themselves in a difficult situation.....