2024-02-16 10:42:42
Global gas prices have stabilized in 2023 but remain above historical averages, Shell said in its annual LNG market report. A decrease in gas supplies from Russia maintains tension in the gas market, Day.Az reports with reference to TASS.
Relatively mild winter temperatures, combined with large gas reserves, increased nuclear power output and China’s moderate economic recovery, have helped balance the global gas market in 2023.
“This has helped reduce and stabilize gas prices in key importing regions of Europe and East Asia compared to the record highs and unprecedented volatility experienced from late 2021 to 2022. However, gas prices and volatility remained significantly higher in 2023. than in the period 2017-2020,” the report says.
Currently, gas on the stock exchange in Europe is trading below $280 per 1 thousand cubic meters for the first time since July 2023. m, according to data from the London ICE exchange.
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