Top Exporters Boosted Natural Gas Supply in October
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مدعوم بالذكاء الاصطناعيIn October, major natural gas exporters such as Norway, Qatar, and the United States significantly increased their supply in response to rising demand due to colder temperatures in the northern hemisphere. Global gas demand saw a notable increase of 12 bcm compared to September and 5.1 bcm compared to the same month last year, indicating a strong market recovery and heightened consumption.
Market impact analysis based on bullish sentiment with 80% confidence.
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Norway ramped up its pipeline gas exports, Qatar raised its LNG supply, and the United States saw LNG exports hit a record high in October, just as demand in the northern hemisphere started to grow with the fall in temperatures. Global gas demand jumped by 12 bcm in October compared to September, according to the latest data by the Joint Organizations Data Initiative (JODI) out on Thursday. Compared to October last year, gas demand in the 55 countries self-reporting data to JODI rose by 5.1 bcm. Combined gas demand in the EU and the…
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