Global Gas Glut Projected to Reach Multi-Decade Highs, Warns Morgan Stanley

Tuesday, 2 April 2024, 05:08

Amid a warmer-than-usual winter, Morgan Stanley predicts that the global gas surplus may soar to levels not seen in decades. This forecast raises concern over the oversupply of gas in key LNG consuming nations, impacting demand and prices significantly. The ongoing trend towards excess supply could have far-reaching implications for the energy sector.
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Global Gas Glut Projected to Reach Multi-Decade Highs, Warns Morgan Stanley

Global Gas Glut Forecast:

A recent report by Morgan Stanley has projected a significant surge in the global gas surplus, potentially reaching multi-decade highs. The forecast is attributed to a warmer-than-normal winter that has dampened demand for heating and consequentially led to an oversupply of gas in key LNG consuming countries.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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