Risks skewed to the downside – ANZ

The risk of supply disruptions is likely to keep volatility high in global gas markets, economists at ANZ Bank report.

Gas supply risks remain

Global gas markets are entering the northern winter in good shape, but this does not diminish the supply risks from geopolitical tensions.

We see more downside risks than upside, and the balance could shift quickly should weather and supply issues go against the market.

While unlikely to return to levels seen 12 months ago, European and Asian prices are likely to remain elevated leading into the heating season.