Europe will not only get rid of the natural gas shortage in 2022 thanks to China, but it will also be able to pass 2023 without much difficulty as the fuel demand from China will not reach a record level. About informs Bloomberg.
Europe will be spared gas shortages in 2023 thanks to China, as the country abruptly and haphazardly lifts coronavirus restrictions. The publication therefore noted that fuel demand may not reach a record high in 2021, as the risk of a return to tight restrictions remains against the backdrop of another increase in incidence.
According to the agency, China’s economy will gradually recover, but there are certain alternatives for the country’s industry to supply LNG in the form of pipe gas.
The authors of the article think that this year the demand for LNG will increase even faster. At the same time, the situation can change significantly if a sharp cooling begins in Europe or Asia. However, the increase in demand from China is currently quite limited.
On January 6, Anders Opedal, chairman of Norway’s largest energy company declarationHe said that the gas shortage in the European market will continue in 2023.