Global Gas and LNG Markets: Demand, Supply Dynamics, and Implications for the Future
Author:
Botão Rodrigo Pereira1ORCID, de Medeiros Costa Hirdan Katarina1ORCID, dos Santos Edmilson Moutinho1
Affiliation:
1. 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.
Funder
ANP/FINEP/FUSP/USP RCGI/FAPESP
Subject
Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Electrical and Electronic Engineering,Control and Optimization,Engineering (miscellaneous),Building and Construction
Reference34 articles.
1. The security of energy supply and climate policy: Assessing interactions;Kruyt;Energy Policy,2010 2. Christopoulos, A.G., Kalantonis, P., Katsampoxakis, I., and Vergos, K. (2021). COVID-19 and the Energy Price Volatility. Energies, 14. 3. Santos Da Silva, S.R., Miralles-Wilhelm, F., Muñoz-Castillo, R., Clarke, L.E., Braun, C.J., Delgado, A., Edmonds, J.A., Hejazi, M., Horing, J., and Horowitz, R. (2019). The Paris pledges and the energy-water-land nexus in Latin America: Exploring implications of greenhouse gas emission reductions. PLoS ONE, 14. 4. International Energy Agency (2023, March 12). Global Energy Review 2020. Available online: https://www.iea.org/reports/global-energy-review-2020. 5. International Energy Agency (2023, March 12). Gas 2021: Analysis and Forecasts to 2026. Available online: https://iea.blob.core.windows.net/assets/1fa45234-bac5-4d89-a532-768960f99d07/Oil_2021-PDF.pdf.
|
|