Why Gas Prices Have Doubled Over the Last Year

By John Kemp, energy analyst and founder of JKempEnergy Spot market gas prices around the world have doubled over the last twelve months as reported inventories in all the major consuming regions have fallen to multi-year lows, signalling the refill season will be much tougher in 2025. Sharply higher prices will encourage electricity generators to switch to alternative fuels and force energy-intensive industries in Europe and price-sensitive utilities in South and Southeast Asia to cut use wherever possible. Combined inventories across the European…