Gas markets in 2023 and what to expect in 2024: review of key metrics

This paper reviews the series of signposts outlined as key indicators of the global gas market during the year and also draws some conclusions about the outlook for gas prices and the supply-demand balance. Gas prices in Europe and Asia have been affected by contradictory forces over the past three months and into the northern hemisphere winter. On a bearish note, storage in Europe is now close to being full while the weather remains relatively warm, meaning that the market is now well supplied and there is even the possibility of LNG being turned away from the region. Source: OIES