At the same time, the IEA has reduced the global gas demand forecast by more than half. The IEA estimates that global gas demand will increase by 3.4% or 140 billion cubic meters by 2025 compared to 2021.
Russia has reduced natural gas supplies to Europe, but European countries have promised to reduce their dependence on Russian gas, thus creating an impact around the world, the agency explains.
European countries are trying to make up for Russian gas shortages by importing LNG delivered by tankers, causing supply and demand problems in other markets.
The IEA warns that efforts to extract LNG risk not only causing economic damage to other importers, but also increasing prices, thus providing Russia with additional income.
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