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Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future

Author

Listed:
  • Rodrigo Pereira Botão

    (Institute of Energy and Environment, University of Sao Paulo, Sao Paulo 05508-220, Brazil)

  • Hirdan Katarina de Medeiros Costa

    (Institute of Energy and Environment, University of Sao Paulo, Sao Paulo 05508-220, Brazil)

  • Edmilson Moutinho dos Santos

    (Institute of Energy and Environment, University of Sao Paulo, Sao Paulo 05508-220, Brazil)

Abstract

This article offers a comprehensive analysis of the global gas and liquefied natural gas (LNG) markets, discussing increasing demand, market volatility, supply and demand dynamics, and the implications of the Paris Agreement on natural gas demand. It emphasizes the potential impacts of decarbonization policies on the LNG market, including changes in energy composition, reduced LNG demand, increased costs, and the need for industry adaptation. The article also examines the future outlook, investment needs, and implications for global gas and LNG markets, highlighting the continued uptake of gas in heavy-duty transport and the importance of investment to avoid supply–demand gaps. Overall, the analysis provides insights into the complex dynamics and challenges facing the global gas and LNG markets in the context of energy transition and climate change mitigation efforts.

Suggested Citation

  • Rodrigo Pereira Botão & Hirdan Katarina de Medeiros Costa & Edmilson Moutinho dos Santos, 2023. "Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future," Energies, MDPI, vol. 16(13), pages 1-14, July.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:13:p:5223-:d:1188924
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    References listed on IDEAS

    as
    1. Najm, Sarah & Matsumoto, Ken'ichi, 2020. "Does renewable energy substitute LNG international trade in the energy transition?," Energy Economics, Elsevier, vol. 92(C).
    2. Marie Byskov Lindberg, 2019. "The EU Emissions Trading System and Renewable Energy Policies: Friends or Foes in the European Policy Mix?," Politics and Governance, Cogitatio Press, vol. 7(1), pages 105-123.
    3. Vivoda, Vlado, 2019. "LNG import diversification and energy security in Asia," Energy Policy, Elsevier, vol. 129(C), pages 967-974.
    4. Liu, Yan & Shi, Xunpeng & Laurenceson, James, 2020. "Dynamics of Australia's LNG export performance: A modified constant market shares analysis," Energy Economics, Elsevier, vol. 89(C).
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    Cited by:

    1. Yunfei Zhao & Caifu Qian & Guangzhi Shi & Mu Li & Zaoyang Qiu & Baohe Zhang & Zhiwei Wu, 2024. "Study on Rapid Simulation of the Pre-Cooling Process of a Large LNG Storage Tank with the Consideration of Digital Twin Requirements," Energies, MDPI, vol. 17(14), pages 1-12, July.
    2. Ewelina Orysiak & Hubert Zielski & Mateusz Gawle, 2024. "LNG Logistics Model to Meet Demand for Bunker Fuel," Energies, MDPI, vol. 17(7), pages 1-22, April.
    3. Gabriela Pantoja Passos & Hirdan Katarina de Medeiros Costa & Edmilson dos Santos, 2024. "Analysis of the Impacts of Small-Scale LNG Projects for Energy Supply of the North Region of Brazil: The Case of Roraima," Sustainability, MDPI, vol. 16(5), pages 1-25, March.

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