Natural gas markets expected to rebalance in Q3 as Strait of Hormuz reopens, GECF says
By
Irina Slav
Summary
Natural gas markets are expected to rebalance in Q3 as the Strait of Hormuz reopens following the Gulf conflict. Qatar is restoring LNG production, and the Gas Exporting Countries Forum (GECF) predicts market stabilization. The GECF, representing countries with 70% of global gas resources, sees the reopening as key to restoring balance after Middle East war disruptions.
Source
bskyNatural gas markets expected to rebalance in Q3 as Strait of Hormuz reopens, GECF saysoilprice.comKey quotes
· 2 pulledIf we assume that the Strait (of Hormuz) is now open and will remain open, our view is actually that in the course of this next quarter we will begin to see some re-stabilization in the market.
The GECF groups producer countries accounting for as much as 70% of global natural gas resources.
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