Global Energy Perspectives: Gas price outlook
23 November 2022
Baringa's global gas model has been used to create three plausible supply and demand scenarios over the next 24 months. Each of these drive a possible wholesale price outlook.
Key investor takeaways:
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The supply and demand balance outlook remains highly uncertain creating a range of plausible scenarios on account of variables in pipeline supply and global LNG.
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Unmet demand risks are high in our downside scenario, including next winter, making supply security a relevant risk for the foreseeable future.
- The most plausible central price outlook sees prices remain above pre-crisis levels out until the end of the forecast period in 2024.
- While prices remain high in all but our low scenario until 2024, prices fall significantly from recent highs. With prices well below 150 Euro MWh in all scenarios by 2024.
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