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A significant influx of liquefied natural gas (LNG) supply is set to reshape global markets, with projections indicating an extended period of oversupply by 2026, potentially driving prices below $10. The U.S. and Qatar are expected to dominate the market, while demand growth in the Asia-Pacific region remains modest at 5% annually, primarily from China, India, and South Korea. Challenges loom as existing Russian gas contracts to Europe expire in 2024, necessitating increased LNG imports and tightening the global gas balance.

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