2024-10-09 16:39:00
Good news for the 12 million French homes who heat with gas! After months of price increases, Europe should experience gas prices starting in 2025. much more reasonable “, due to the arrival of new supplies of liquefied gas from Qatar and the United States, the head of the International Energy Agency said on Wednesday.
« From 2025 onwards, natural gas markets will transform into buyers’ rather than sellers’ markets, due to the arrival of a huge amount of new supplies of liquefied gas (LNG) from the United States and from Qatar », indicated Fatih Birol, executive director of the International Energy Agency (IEA), in Paris.
« Natural gas prices will become much more reasonable », he added at the IEA headquarters, alongside the former president of the European Central Bank Mario Draghi, invited to present his report on the competitiveness of the EU.
Since the post-covid recovery at the end of 2021 and even more since the invasion of Ukraine by Russia in February 2022, LNG, this liquefied gas imported by ship, is highly coveted by European countries which have sought to compensate for the drastic reductions of Russian gas deliveries in onshore pipelines.
“A breathing space” in Europe
This drop in prices should help to offer a “ breathing space » to Europeans for the coming years, after the surge in gas and oil prices, in 2021 and 2022, said Mr. Birol.
In addition to gas, the head of the IEA also expects to see “ reasonable oil prices », due to weakening demand in China, which is turning towards electric vehicles, and despite geopolitical tensions.
« Even though some of you may see that there is a lot going on in the Middle East, oil prices are still at $70, in that range “, he said.
For Fatih Birol, it is about “ breathe a little and make the most of these 3 or 4 (next) years » relative drop in prices, « to prepare for the next chapter » with the development of renewable electrical energies and nuclear power to decarbonize energy in Europe. “ Electricity is the future “, he assured.
1728518928
#Gas #prices #reasonable #years
