Insight
Gas demand response to lower prices
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2022, record-high prices forced many companies in Europe and Asia to limit their exposure to the spot market, to switch from gas to alternative cheaper fuels, and/or to reduce their output. The market will seek a new balance this year. Global gas prices have softened to around US$15/mmbtu in early 2023. If gas prices decline further, utilities could be incentivised to recover some gas demand against competing fuels. This insight is a review of the main switching levels across Europe and Asia. The purpose is to: - provide useful context on demand response - evaluate the most indicative pricing levels - evaluate materiality of potential switching
Table of contents
-
Gas demand response to lower prices
- A review of switching dynamics across Europe and Asia
Tables and charts
This report includes the following images and tables:
-
Extract from the main deliverable
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Macro oils short-term outlook: June 2022
Record refining margins, EU ban on Russia imports, while strong growth in global liquids continues
$2,000
Commodity Market Report
Regional product markets short-term outlook September 2022
Monthly forecast of regional refining economics, regional demand and supply by product along with stock forecasts and a net trade forecast
$1,900
Insight
LNG short-term webinar: March 2026
Our latest views on the Middle East Conflict and its impacts on the Global Gas & LNG Markets.
$1,050
