S&P Global Platts

Asian LNG markets will grapple with another year of uncertainty in 2023 as both supply and demand fundamentals are impacted by a range of macroeconomic, geopolitical and weather-related factors, according to economists, analysts and traders.

At the macro level, rising interest rates and efforts by central banks to control inflation will directly impact economic growth and energy demand in most economies, including electricity consumption and natural gas demand. Foreign currency reserves and the strength of the dollar will be overarching concerns for the LNG imports of most Asian economies, even as governments fight to stave off a looming recession.

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