Tensions in gas markets have eased significantly since the beginning of 2023, according to the latest edition of the IEA’s annual Global Gas Security Review. Given this, responsible producers and consumers must reconsider their approaches to supply security and flexibility, cooperating even more closely,” said Keisuke Sadamori, the IEA’s Director of Energy Markets and Security. Report: Africa’s gas resources can improve lives, deliver energyWhile incremental gas supply is limited in 2023, it would be enough to cover global gas demand assuming demand remains broadly flat, as expected. Additionally, the flexibility of the gas supply needs to be reassessed in light of the phase-out of Russian piped gas exports to the European Union. Read the full Global Gas Security Review 2023.

Source: The North Africa Journal July 19, 2023 07:31 UTC