BAKU, Azerbaijan, Oct.7
By Leman Zeynalova – Trend:
European gas prices are expected to stand at 50 euros per MWh in Q4 2021, Trend reports with reference to Capital Economics, the UK-based research and consulting company.
As for 2022, European natural gas prices are set to continue the downward trend with 42.5 euros in Q1, 35 euros in Q2, 27.5 euros in Q3 and 20 euros in Q4.
Gas prices have hit the record level of 161.5 euros per MWh amid the supply crunch, which has paved way for the coal price hike as well. Coal prices soared by $40 and stood at $300 per ton. Capital economics now expects coal (Rotterdam) prices to stand at $150 per ton in Q4 2021, then falling to $130 per ton in Q1 2022, $110 per ton in Q2, $90 per ton in Q3 and $70 per ton in Q4.
Newcastle coal price is forecast to amount to $160 per ton in Q4 2021, $140 in Q1 2022, $120 in Q2, $100 in Q3 and $80 in Q4.
Asian spot LNG (liquefied natural gas) prices will stand at $20 per mBtu in Q4 2020, $17.5 per mBtu in Q1 2021, $15 per mBtu in Q2, $12.5 per mBtu in Q3 and $10 per mBtu in Q4.
Capital Economics expects Brent prices to be equal to $75 per barrel in Q4 2020, $71 in Q1 2022, $68 in Q2, $64 in Q3 and $60 in Q4.
West Texas Intermediate (WTI) prices will amount to $72 in Q4 2020, $69 in Q1 2022, $65 in Q2, $62 in Q3 and $58 in Q4.
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