Global gas prices are set to stay well above $20/mn BTU according to the IEA as a tight market remains vulnerable to the risk of unplanned outages and demand spikes. 

As global diplomatic efforts to ease the gas crunch intensify (MEES, 4 February), prospects for a solution look slim. The IEA’s Q1 2022 Gas Market Report released this week paints a picture of a perilously thin supply buffer growing somewhat through 2022, but with prices remaining well above historic levels throughout the year. (CONTINUED - 690 WORDS)