Global Energy Forecast for Gas, From LNG Swing Producer Qatar - Bloomberg
Natural gas markets could whipsaw for the next several years because there’s still too little supply to meet rising demand, according to the energy minister of Qatar.
“It’s going to be a volatile situation for some time to come,” Saad al-Kaabi said at an Atlantic Council conference in Abu Dhabi. “We’re bringing a lot of gas to the market, but it’s not enough.”
Next winter may be tough for gas consumers in the northern hemisphere, he said, as they will probably struggle to replenish their stockpiles before then in the absence of flows from Russia.
Gas prices soared after Russia invaded Ukraine last February and Moscow cut piped supplies to Europe. Prices have slumped since the middle of 2022 as economies slowed and thanks to Europe ramping up imports of liquefied natural gas, including from Qatar. A warmer-than-normal winter in Europe has also helped.
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