Global Energy Perspectives: Gas supply security outlook #2

In our latest Global Energy Perspective, we look at the outlook for gas supply security and the impact on price divergence across markets as a result of LNG infrastructure constraints.

Baringa’s analysis of winter gas scenarios identifies that EU–24 regasification capacity is insufficient to accommodate EU-24 demand. This has led to foreign dependencies on markets like the UK and created major price divergence between national gas hubs.

Clients should:

1. prepare for UK-EU flows to fall as global gas markets tighten and
2. expect major price divergence to continue until EU-24 regasification capacity has increased sufficiently, not likely until the summer of 2023.

Watch Caspian Conran discuss our latest perspective

For more information on the contents of our latest Global Energy Perspective or how Baringa can help your organisation, please contact us.