Global gas market in state of ‘fragile and unstable’ equilibrium: IGU

The global gas market remains in a “fragile and unstable” equilibrium with price volatility being driven by LNG supply risk and geopolitical developments, industry group the International Gas Union said Oct. 19. In its 2023 Global Gas Report, the IGU said that although gas prices had come down from last year’s record levels, they remained above pre-coronavirus and pre-energy crisis… The global gas market remains in a “fragile and unstable” equilibrium with price volatility being driven by LNG supply risk and geopolitical developments, industry group the International Gas Union said Oct. 19. In its 2023 Global Gas Report, the IGU said that although gas prices had come down from last year’s record levels, they remained above pre-coronavirus and pre-energy crisis… Read More