Global gas prices may be at their peak, say analysts | Middle East Eye

Global gas prices may be at their peak, say analysts | Middle East Eye:



"Global demand for natural gas is expected to skyrocket over the next few decades, but prices could well be close to, or already at their peak, say analysts. 




With gas prices at record highs in Japan, and sluggish economic growth in Europe continuing to undermine demand, the global market may be in line for a readjustment which could put pressure on riskier projects that are still in their infancy.



“In Europe, if anything, we expect to see a dampening of demand,” said Matt Loffman, a senior energy analyst at energy research group Douglas-Westwood. 




“There are several pipeline projects that are currently half finished and should be coming online. For instance, there is a lot of excitement about pipelines that are coming through Azerbaijan and we’re expecting to see more gas from Kurdistan [in northern Iraq]."



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