Europe's LNG Demand Surge Flips Global Gas Market

Asia has been the driver of global demand for liquefied natural gas for years now, with its fast-growing economies guzzling energy at elevated rates. This year, however, has seen this change. Asian demand for LNG is weakening—but Europe’s is on a substantial rise, more than offsetting Asia’s weakness, despite plans to reduce consumption of all hydrocarbons. LNG imports to Asia last month stood at 22.84 million tons, Kpler data, cited by Reuters’ Clyde Russell, showed. This was a slight increase from September but palpably…