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: 04.04.2025 Expectation: 1000 pips
Uptrend may help AUDCAD to stop declining
Today at 11:20 AM 29
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 28.03.2025 Expectation: 2450 pips
Profit taking and dollar strength to accelerate GBPUSD decline
Today at 10:09 AM 48
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: 28.03.2025 Expectation: 127 pips
Buying Brent with target of 73.5 amid lower market supply
Today at 09:18 AM 20
Period: 26.03.2025 Expectation: 300 pips
Record US gas exports push domestic prices higher
Yesterday at 10:31 AM 50
Period: 27.03.2025 Expectation: 43500 pips
News background and technical analysis data support buying ETHUSD up to 2,450
Yesterday at 09:22 AM 47
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: 27.03.2025 Expectation: 2283 pips
Selling USDJPY due to new US economic forecasts
Yesterday at 08:13 AM 61
Go to forecasts