# China Demand, Panama Canal Constraints Forecast to Drive LNG Market Volatility in 2024

> The IEA forecasts global natural gas demand will rise 2.5%, or 100 billion cubic meters, in 2024, with growth concentrated in Asia Pacific and gas-rich African and Middle Eastern markets. It also expects LNG trade to grow about 3.5% and China's LNG imports to rise more than 10%.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31848-china-demand-panama-canal-constraints-forecast-to-drive-lng-market-volatility
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger Asian gas and LNG demand, with supply growth constrained by project delays, points to tighter markets and higher price volatility.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-02-28 | [Natural gas markets remain tight as uncertainty persists around Chinese LNG demand and further supply cuts by Russia - IEA](https://feedsoft.ai/events/37513-natural-gas-markets-remain-tight-as-uncertainty-persists-around-chinese-lng.md) | -4.7% | -21.8% |
| NATGAS | 2024-06-01 | [EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record](https://feedsoft.ai/events/30462-eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline.md) | +24.9% | +9.1% |
| NATGAS | 2024-06-26 | [LNG market in ‘fragile equilibrium’ after disruptive two years but supply concerns remain \| The National](https://feedsoft.ai/events/29960-lng-market-in-fragile-equilibrium-after-disruptive-two-years-but-supply.md) | -16.5% | -23.3% |
| NATGAS | 2022-09-18 | [FitchRatings: Moroccan Fertilizer Prices to Increase Amid Supply Constraints](https://feedsoft.ai/events/39898-fitchratings-moroccan-fertilizer-prices-to-increase-amid-supply-constraints.md) | -14.4% | -20.9% |
| NATGAS | 2021-05-11 | [EIA’s Natural Gas Price Forecast Ticks Up to $3.05 on Exports, U.S. Demand](https://feedsoft.ai/events/47267-eia-s-natural-gas-price-forecast-ticks-up-to-3-05-on-exports-u-s-demand.md) | +4.0% | +6.4% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/china-demand-panama-canal-constraints-forecast-to-drive-lng-market-volatility-in-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.