Demand for natural higher than its production

Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint Organisations Data Initiative (JODI) showed. While US natural gas production has been rising in recent months alongside LNG exports, Russian gas production has plummeted since Russia

Australia limiting LNG exports poses setback to Asia-Pacific gas markets

The Asia-Pacific gas market has suffered another blow after major natural gas producer Australia signaled it could potentially cut down liquified natural gas exports as the region battles tight gas supplies, high prices and competition from gas-short European buyers. Australia is looking to trim its overseas sales in favor of domestic consumption ahead of a