16 January 2023 | Other

Qatar claims that gas prices will remain volatile for many years

Qatar's energy minister predicts strong fluctuations in gas markets over the next few years due to high demand and insufficient supply.

At a conference in Abu Dhabi, Saad al-Kaabi said that the situation has been unstable for some time and that there is not enough gas supplied to the market.

According to his assumption, without Russian supplies, it will be difficult to replenish reserves next winter and gas consumers in the northern hemisphere could face difficulties.

A slowing global economy, an increase in LNG exports to Europe, also from Qatar, and a warmer-than-normal winter have had an impact on gas prices since the middle of 2022.

Gas prices are still significantly higher than historical averages. If China's economy recovers, gas purchases will increase and that could lead to more gas purchases.

According to al-Kaabi, high prices affect consumers negatively. He added that the biggest problem producers face is the destruction of demand.

Company MarketCheese
Period: 16.01.2025 Expectation: 1260 pips
Technical analysis suggests AUDCAD decline
Today at 10:07 AM 17
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Crypto"
2nd in the segment "Oil and gas"
Period: 03.01.2025 Expectation: 1600 pips
Bank of Japan is unlikely to intervene until USDJPY falls below 160
Yesterday at 11:22 AM 42
Period: 02.01.2025 Expectation: 390 pips
Natural gas is still on bullish run with target of 3.790
Yesterday at 09:49 AM 85
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
2nd in the segment "Currencies"
Period: 31.12.2024 Expectation: 2380 pips
EURUSD consolidates with bearish bias as Euro weakens
25 December 2024 63
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
2nd in the segment "Currencies"
Period: 25.12.2024 Expectation: 6000 pips
Selling USDJPY to 151.230
25 December 2024 35
Period: 31.12.2024 Expectation: 1000 pips
USDCAD may reach 1.427 as correction unfolds
25 December 2024 24
Go to forecasts