Germany suffered the most among EU member states from the Russian supply curtailments, with a number of buyers forced to buy expensive gas on the open market to make up for the Russian shortfall.

Discussions on the future of the LNG sector were held during two days at the 9th International LNG Congress (LNGCON) in Dusseldorf, Germany on March, 6-7, 2023. The Congress gathered key players of the industry to highlight topics of LNG's role in energy transition, latest developments and asset solutions technologies, small-scale LNG facilities, automation technologies in LNG processes, alternative fuels, and sustainable production, transportation and liquefaction of natural gas.

Hosted on May 9-11, 2023, the 9th edition of the Canada Gas & LNG Exhibition and Conference (CGLNG) continues to grow in step with the industry.

U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.

At the same time, Russian LNG imports into the EU rose by around a third to 14.1 million mt (19 Bcm), but it was LNG from other sources -- the US in particular -- that helped fill some of the gap left by lost Russian gas.

CNPC's talks follow a deal announced last November by China's Sinopec, in which QatarEnergy agreed to supply 4 million tonnes of LNG annually for 27 years, the longest duration LNG supply contract ever signed by Qatar.

Russia’s natural gas production fell by more than 13% in 2022, according to preliminary data published by the Russian state statistics service Rosstat.

Despite the adoption of the Versailles Declaration in March 2022, when leaders of the 27 EU member states pledged to phase out the EU’s dependence on Russian fossil fuels as soon as possible, imports of Russian LNG increased by 12% in 2022 compared to 2021.

According to the EU-US announcement, EU commission aims to increase annual demand for American LNG by 50BCM by the end of 2030 and procure 15BCM more in 2022,

LNG deliveries to Europe have helped ease an energy crisis this winter after Russian piped supply slumped.