# Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan | Reuters

> J.P. Morgan forecasts that natural gas prices will face pressure through the end of the decade as output and LNG export capacity grow, mainly in Qatar and the US. It projects a 63 bcm oversupply by 2030.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/30918-pressure-on-gas-and-lng-prices-to-help-switch-from-coal-says-j-p-morgan-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A forecast of persistent gas oversupply supports lower energy input costs over the medium term, with limited near-term effect on feed grain prices.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-03-21 | [Morgan Stanley: Low European gas prices to prompt US LNG utilization cuts \| Oil & Gas Journal](https://feedsoft.ai/events/60257-morgan-stanley-low-european-gas-prices-to-prompt-us-lng-utilization-cuts-oil.md) | -4.9% | -10.8% |
| 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 | 2025-11-13 | [LNG prices will drop in 2026 to absorb supply surge, but how much? \| Reuters](https://feedsoft.ai/events/22129-lng-prices-will-drop-in-2026-to-absorb-supply-surge-but-how-much-reuters.md) | +4.8% | +6.2% |
| NATGAS | 2019-05-07 | [Natural gas and coal: Plunging prices](https://feedsoft.ai/events/59268-natural-gas-and-coal-plunging-prices.md) | +5.3% | -3.9% |
| NATGAS | 2017-03-06 | [Moody's: Oversupply to keep LNG prices low beyond 2020 \| Oil & Gas Journal](https://feedsoft.ai/events/72168-moody-s-oversupply-to-keep-lng-prices-low-beyond-2020-oil-and-gas-journal.md) | +12.6% | +18.9% |

## Sources

- reuters.com: https://www.reuters.com/sustainability/climate-energy/pressure-gas-lng-prices-help-switch-coal-says-jp-morgan-2024-04-24/

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