4 October 2022 | Other

Global gas markets are believed to be tight next year as well

The state of global gas markets isn’t expected to change next year either. Since pipeline gas supplies are diminishing, as does demand for it on the European continent, markets are believed to remain tight. According to the International Energy Agency (IEA), such a situation has developed against the background of energy saving and high prices.

Compared to 2021, between January and August 2022 the level of gas consumption in Europe decreased by 10%. The decline was caused by a fifteen percent reduction in the industrial sector amid a sharp jump in prices.

According to the International Energy Agency, assuming no gas supplies from Russia to the European continent from November, filling European storage facilities at least 20% full by February would be nearly impossible even with a steady supply of liquefied natural gas (LNG). In the absence of a stable LNG supply, storage facilities risk being filled to only 5%.

Company MarketCheese
Period: 07.09.2026 Expectation: 3000 pips
Selling GBPUSD on dollar's fundamental edge
Yesterday at 09:59 AM 35
Period: 14.08.2026 Expectation: 600 pips
Go long on EURUSD on weak US jobs data
Yesterday at 09:00 AM 37
Period: 14.08.2026 Expectation: 600 pips
Invest in Brent crude with $88.50 target
Yesterday at 08:36 AM 33
Period: 06.09.2026 Expectation: 6000 pips
Buy USDJPY with 164.00 in view
06 August 2026 57
Period: 06.09.2026 Expectation: 200 pips
Go short on ETHUSD with $1,700 target
06 August 2026 43
Period: 31.12.2026 Expectation: 13000 pips
Invest in silver up to $75.00
06 August 2026 42
Go to forecasts