Updated Sep 25, 2024
9/25/24
Egypt’s growing appetite for LNG to balance its domestic natural gas market is making a wild card for international buyers, putting upward pressure on Europe as it navigates winter supply.
Global natural gas prices continued to fall on Monday amid ample supplies and mild weather patterns.
If global natural gas demand continues at the same pace as the previous four years, rising consumption could exceed output, resulting in a steep supply shortfall by 2030 without additional investment in production, the International Gas Union (IGU) warned in its 2024 Global Gas Report.