# Europe, the heart of the global gas market | Wood Mackenzie

> Wood Mackenzie says the global gas market in 2021 is expected to have 55% more LNG than in 2015, mostly from Australia and the US. Emerging demand in Egypt, Jordan, Pakistan, China and India has so far kept the market firmer than expected.

- Date: 2017-04-06 · published 2017-04-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71665-europe-the-heart-of-the-global-gas-market-wood-mackenzie
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected LNG supply growth points to eventual downward pressure on gas prices, which feeds into fertilizer and energy costs over the medium term.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-03-16 | [The Glutted World Gas Market](https://feedsoft.ai/events/72173-the-glutted-world-gas-market.md) | +0.5% | +2.5% |
| NATGAS | 2020-04-02 | [Feature: Unfettered global natural gas market a sign of the times](https://feedsoft.ai/events/53828-feature-unfettered-global-natural-gas-market-a-sign-of-the-times.md) | +11.2% | +8.8% |
| NATGAS | 2020-06-16 | [Price Convergence of Global Gas Markets](https://feedsoft.ai/events/52797-price-convergence-of-global-gas-markets.md) | -0.1% | +5.4% |
| NATGAS | 2020-10-22 | [LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years](https://feedsoft.ai/events/50809-lng-market-not-out-of-the-woods-as-volatility-likely-a-mainstay-for-years.md) | +2.7% | -15.1% |

## Sources

- woodmac.com: https://www.woodmac.com/news/editorial/europe-heart-of-the-global-gas-market/

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