Kategori : NATURAL GAS ENERGY NEWS, ENERGY AGENDA NEWS - Tarih : 08 November 2021
Natural gas supply is set to rise incrementally in the coming years, before jumping in 2025, analysts told CNBC. But analysts are divided on whether demand will continue to outstrip supply in years to come.
The current gas crisis will likely repeat itself again, said Richard Gorry, managing director of JBC Energy Asia. “ This will be a crisis that is reoccurring over the next three or four years — simply because we don’t have a lot of new natural gas supply coming into the market in that period, ” he told CNBC’s “Capital Connection” in mid-October.
“By 2025, the situation may change, but I think we definitely have a couple of years where we’re going to be looking at high energy prices,” he said.
But James Whistler, global head of energy derivatives at shipbroking firm Simpson Spence Young, said he doesn’t expect prices to remain high beyond this winter.
‘Confluence of factors’ in 2021
Other analysts predict that gas supply in the coming years will be able to meet demand. Anthony Yuen, head of energy strategy at Citi Research, said gas supply is “getting better.” He noted that major liquefied natural gas export terminals are coming online and production is set to increase in Europe, Russia and China. LNG export facilities cool natural gas down into a liquid state so that it can be transported on ships to places that cannot receive the gas by pipeline.
Source: Cnbc
