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The World Faces A Natural Gas Glut Not Seen in Decades

WoodMackenzie: Gas prices in Europe could plunge as low as $6.70 per MMBtu this summer thanks to a mild winter and ample gas inventories.

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Low demand could see 20% European gas price fall in summer 2024 compared to current projections

Low demand could see 20% European gas price fall in summer 2024 compared to current projections
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European gas prices set to fall 20% by mid-2024 amid drop in demand

European gas prices set to fall 20% by mid-2024 amid drop in demand
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High gas storage levels to have minimal impact on Norwegian gas prices

High gas storage levels to have minimal impact on Norwegian gas prices
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Gas Fears Fade, But Risks Remain for Europe

Europe is a strong position to fill natural gas storage ahead of next winter, but lower prices pose a challenge.

Mauro chavezWood mackenzie european gas researchWood mackenzieEuropean gas research director mauro chavez