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Citi: Natural gas prices may climb to $100

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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According to recent news from the World Petroleum Network, Citigroup predicts that natural gas prices in Asia and Europe will more than double in the next quarter

Seasonal low inventories in Europe have led to a bidding war for raw materials for power generation before winter in the northern hemisphere, and LNG prices have soared

Citibank said in the report that the average price for the next quarter will be slightly higher than the current level under Citi's basic situation

Citi analysts said: "The global natural gas price may continue to show a parabolic trend in the coming weeks and months

In addition, the chain reaction of soaring natural gas prices for other fuels is more complicated than originally thought

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