# Global gas glut is set to reach multi-decade highs in the coming years

> Morgan Stanley says the global gas glut could reach multi-decade highs in coming years as more than 150 mtpa of LNG capacity is under construction. Natural gas prices have fallen about 22% this year after a warmer-than-normal winter cut heating demand.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30917-global-gas-glut-is-set-to-reach-multi-decade-highs-in-the-coming-years
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Growing LNG supply and weak heating demand point to continued downward pressure on gas prices, which affects energy costs for feed processing and drying.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-01-21 | [Global LNG supply set to jump in 2026, limiting prices and spurring demand \| Reuters](https://feedsoft.ai/events/21223-global-lng-supply-set-to-jump-in-2026-limiting-prices-and-spurring-demand.md) | +176.6% | -24.2% |
| NATGAS | 2017-03-30 | [The reshaping of the global LNG market](https://feedsoft.ai/events/72170-the-reshaping-of-the-global-lng-market.md) | +4.6% | -0.0% |
| NATGAS | 2017-04-06 | [Europe, the heart of the global gas market \| Wood Mackenzie](https://feedsoft.ai/events/71665-europe-the-heart-of-the-global-gas-market-wood-mackenzie.md) | -5.1% | -1.8% |
| NATGAS | 2020-05-11 | [Natural Gas Exports Slow as Pandemic Reduces Global Demand - The New York Times](https://feedsoft.ai/events/10443-natural-gas-exports-slow-as-pandemic-reduces-global-demand-the-new-york-times.md) | -7.2% | -2.7% |
| NATGAS | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | -10.6% | -5.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/04/02/global-gas-glut-is-set-to-reach-multi-decade-highs-in-the-coming-years.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.