3 ms·
It is complicated. It was rising for the past several years but rising from a point below peak consumption from about a decade ago. The same applies to China in
by oneoff786 4y ago
It is complicated. It was rising for the past several years but rising from a point below peak consumption from about a decade ago. The same applies to China individually.
The US rate was falling. India and China were rising. China probably would have leveled off and declined shortly after. India would likely have continued to rise but not enough to have offset losses on other sides.
The loss of Russian gas to Europe increases LNG prices for everyone because now there’s a much smaller supply because shipping it is harder and there’s a big competition for the smaller amounts that are floating about.