Monday 27, July 2009 by
Surplus on global gas markets may reach 15 per cent
The economic downturn has the potential to profoundly change the global gas markets. Deeply negative forecasts for industrial output in developed countries will reduce world-wide demand for natural gas for the first time in its history in 2009 and possibly 2010, while potentially setting back the market for almost 10 years. This is one of the findings from the Booz & Company report: “An Unprecedented Market: How the recession is changing global gas markets.” Combined with new gas export developments already underway, the market will be in a position of oversupply of between 5 to15 per cent.
