Global gas market faces winter concerns

Forecasts indicate that the global gas market faces potential upward price risks this coming winter, due to ongoing disruptions in liquefied natural gas (LNG) supplies from Qatar via the Strait of Hormuz and declining European storage levels, despite increased supplies from the United States and Australia. Energy institutes project that futures prices for gas could exceed $30 per million British thermal units by March 2027 if Middle Eastern supplies do not resume before winter, amid persistent diplomatic tensions and weak prospects for a permanent political agreement. Europe, which entered the cold season with low reserves, faces challenges in securing adequate supplies, while moderate weather conditions and climate changes have reduced gas demand. Although LNG supplies from the U.S. and Australia have risen, market pressure remains, especially due to shipping restrictions and halted shipments from Qatar, increasing the likelihood of price surge waves during the upcoming winter.

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