World Gas Supply Shifts From Shortage to Glut With Demand Muted
- Europe is reaching storage milestones weeks earlier than usual
- Analysts uncertain over how long gas supply glut will last
A natural gas pipeline in Sasolburg, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
The world is becoming awash with natural gas, pushing prices lower and creating an overabundance of the fuel in both Europe and Asia — at least for the next few weeks.
The trend has been a rare sight over the past year since the war in Ukraine upended energy markets and Europe rushed to secure as many alternative supply sources as possible.