Gas prices are set to rise this year, tariffs will change quickly

An increase in gas prices this year is inevitable, especially in the second half of the year. The rise is therefore likely to be quickly reflected in new supplier tariffs. This follows from an analysis by the consulting company EGU. The expected price increase will be a result of the ongoing conflict in the Persian Gulf, with the analysis anticipating a significant disruption to gas supplies from Qatar.

According to EGU’s project director Michal Kocůrek, price developments will depend primarily on how quickly new export capacities are increased, as well as on the response of individual regional markets. Asia may play a key role in this regard, as some countries could reduce their demand for gas, for example by increasing the use of alternative fuels and energy sources in electricity generation.