The US’ net gas exports rose by 21%, while Russia’s fell by 24% in 2023.

Changes in the global gas markets that emerged after the war in Ukraine in 2022 – suspension of Russian gas supplies to the EU, higher US LNG exports to Europe, still high gas prices in Europe and Asia – were confirmed in 2023. Russia’s net gas exports, which had fallen by 31% in 2022, decreased by 24% in 2023, while the EU’s net gas imports contracted by 13% (especially in Germany, in Italy and in France), in a context of industrial slowdown and still high gas prices. The EU’s supplier switch benefited again to the United States, whose net gas exports surged by 21% (the country became the largest gas exporter in the world, especially for LNG), and to Azerbaijan (+8.1% for net gas exports).
On the export side, net exports from Norway contracted by 4.5% due to maintenance and unplanned outages, those from Nigeria decreased by 8.5% (over feedgas supply and security issues), while Egypt turned into a net importer (lower gas production and rising domestic demand). Net gas exports from Algeria grew by 4.2% (mainly to Europe and Türkiye) and those from Malaysia by 18%; they remained stable in Australia, Canada and Indonesia.
On the import side, China’s and India’s net gas imports increased noticeably (+9.8% and +18%, respectively), whereas net imports contracted in Japan (-8.5%) and in South Korea (-4.9%). Net imports slightly increased in Latin America (+0.9%), especially in Mexico (+7.8%).