Gas Market’s Delicate Balance Threatened by Weather and Strikes

Risks from frigid weather to strikes and China’s appetite for fuel threaten to disrupt the market’s delicate balance, according to executives and analysts at the Gastech conference in Singapore this week. It won’t take much to create another supply squeeze this winter, they warn, emphasizing that the energy crisis is set to continue for years.

The comments highlight how the impact of Russia’s invasion of Ukraine continues to reverberate across commodity markets. The global gas market is set to remain tight until 2025 when more supply comes online, said Yukio Kani, global chief executive officer of Jera Co., one of the world’s top LNG importers.

“A couple weeks of colder weather will really exacerbate the situation,” said International Energy Forum’s Secretary General Joseph McMonigle. “There’s going to be greater competition for supplies if we get another situation because of weather or other events.”

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marketmind: Fed steals focus, stocks sell offThe dominating theme in global financial markets is once again central bank policy, and equity investors in particular are worried. U.S. data is showing a flare-up in inflationary pressures, just as markets had become comfortable with the idea of a Goldilocks scenario replete with soft landings and less hot labour markets. Markets in China and Australia took another steep step down.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »