Bearish pressure on gas prices likely – 2 Feb 2022

There is likely to be downward pressure on gas prices

The trend starts in Europe

Find out why

Additional note: Despite immedite bearish tendencies, the high gas price environment is expected to last into 2022. In Europe and Asia spot prices are foreseen to average USD 26 and USD 27/MBtu respectively – both all-time high annual averages.

Prices are expected to decline in the second half of 2022 on improving supply availability, although remaining well-above historical averages in both markets