Global LNG demand seen rising as new supply brings price relief

Markets like China, India and Southeast Asia have the potential to see demand recovery, said Benjamin Comninos, director of trading portfolio optimisation at Cheniere, with China and India having the potential to double imports in the next decade.

Europe, which lost around 80 billion cubic metres of gas demand since Russia’s war in Ukraine, could also see some industrial gas use return as prices fall, as not all of the demand destruction is structural, he added.