Risk of lower gas prices in the United States this summer
High inventories of natural gas and coal in the United States pose a risk to gas prices this summer, necessitating production cutbacks.
| Companies | S&P Global Commodity Insights, United States Energy Information Administration (EIA) |
|---|---|
| Sector | Gaz, Charbon, Gaz naturel |
| Theme | Marchés & Finance, Prix |
According to analysts at S&P Global Commodity Insights, strong demand for natural gas-fired thermal power is required this summer to reduce the considerable storage surplus in the USA. At March 15, gas storage capacity was 55% utilized, with 2.332 Tcf of natural gas in storage, 678 Bcf above the five-year average. Storage inventories are expected to reach their highest level since 2016 at the end of the shrinkage season.
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