"In my opinion, there is a better case for natural gas prices to rise than for oil since oil demand will be curbed by an expected recession and while this is also true for natural gas, the supply shortage for natural gas is deeper."
Would you mind sharing any forecast on global NG production growth? My understanding is that North American production growth is constrained (due to govt and corporate policies), but not sure about other production regions like middle east, Australia, etc.
Great article Mike. Typo here… As of December 15, 2022, European natural gas was selling for US$6.60/mcf and United Kingdom natural gas for US$40.96/mcf
"In my opinion, there is a better case for natural gas prices to rise than for oil since oil demand will be curbed by an expected recession and while this is also true for natural gas, the supply shortage for natural gas is deeper."
Would you mind sharing any forecast on global NG production growth? My understanding is that North American production growth is constrained (due to govt and corporate policies), but not sure about other production regions like middle east, Australia, etc.
Great article. Very well written. I live in Europe and I think here nobody is really realizing at the moment what kind of problem that we have.
According to Worldometer,.info, UK has about 7.3 trillion Tcf and Holland has 26 trillion tcf. Start drilling.
Great article Mike. Typo here… As of December 15, 2022, European natural gas was selling for US$6.60/mcf and United Kingdom natural gas for US$40.96/mcf
Should read Nymex not European.
Thanks. Corrected that.