What influences gas supply?
The gas market is complex, influenced by global events, competition, and supply types.
- Article
- 20/11/2023
The gas market is a dynamic arena, shaped by a multitude of factors.
Here’s a glimpse:
- Global Factors: Gas is integral to the energy transition, but geopolitical events like conflicts and pandemics can impact prices and supply chains. Diversifying supply sources is key.
- Market Mechanics: Liberalization transformed gas trade. Wholesale markets offer transparent price signals, enhancing competition and efficiency.
- Supply Types: Gas can be bought for future delivery or immediate use in forward and spot markets.
- Supply and Demand: Imports and global factors can influence supply. Understanding these influences is vital for price predictions.
- Storage Solutions: Gas storage, including underground options, ensures stable supply.
- Gas Consumers: Gas serves diverse consumers, from households to manufacturers, thanks to its clean and flexible nature.
- Price Factors: Gas prices hinge on demand, raw material costs, climate, electricity demand, and gas prices themselves.
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