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LNG to shift to buyers’ market, make ways for Vietnam energy solutions LNG to shift to buyers’ market, make ways for Vietnam energy solutions

LNG to shift to buyers’ market, make ways for Vietnam energy solutions

The global gas market has undergone drastic changes this past year. 2023 was said to be the first full calendar year of minimal Russian pipeline flows to Europe, causing heavy impacts on the rest of the global gas market right after the announcement. The most recognizable one was the abnormal fluctuations in LNG price levels due to the switch of traditional Russian pipeline buyers in Europe to the US and the Middle East – key LNG suppliers for Asian markets.

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