Global natural gas industry development status and trend analysis

The soaring price of natural gas has triggered a series of chain reactions in alternative energy markets such as coal and oil, and as the price of various fossil fuels has risen, the price of electricity in many countries has risen to a record high. In the context of economic globalization, the energy problem continues to ferment, and the shortage of energy supply is spreading around the world. In a globalised world, energy supply problems are likely to be widespread and long-lasting, especially in the context of disruptions to supply chains and cuts in fossil fuel investment in response to climate change.

(3) Increased competition in natural gas trade

Since the beginning of this year, the more prominent feature of global LNG trade is that regional competition is more intense and mutual influence is deepening. Traditional LNG suppliers such as Australia and Qatar are increasingly competing with emerging LNG exporters such as the United States and Russia on the supply side. Major Asian consumers and emerging importers with faster growth in gas demand are also competing with European countries on the demand side.