The IEA's Gas Market Report Q1 2023 highlights the impact of Russia's reduction in pipeline deliveries to Europe on the global natural gas market. Despite this shock, European countries were able to maintain a stable supply through targeted policy measures, a record influx of liquefied natural gas (LNG), and increased underground gas storage. The report also examines the state of the global gas market, including supply and demand, renewable energy technologies, electricity markets, energy efficiency, and access to energy. The IEA advocates for policies that enhance the reliability, affordability, and sustainability of energy in its 31 member countries, 11 association countries, and beyond.
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