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OverviewAPI
Global LNG markets are expected to remain 'finely balanced' in 2024 due to increased supply, high European and North Asian stocks, and price pressure from demand-suppressed buyers. Asian spot prices are forecast to average around $15/mmBtu, with China driving global LNG demand. Europe's LNG imports are forecast to modulate, with a mixed outlook. A severe drought in the Panama Canal has restricted LNG vessel traffic to east Asia, and concerns about the Suez Canal persist.

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