Market research on natural gas (eBook)

Seminar paper from the year 2022 in the subject Business economics - Supply, Production, Logistics, grade: 1,2, University of Applied Sciences Saarbrücken, course: International Supply Management, language: English, abstract: The aim of this paper is to analyse the supply market for natural gas as well as to describe factors that have an influence on the price of natural gas. A forecast of the price trend of natural gas in the upcoming months and a forecast for May 2022 will also be given in this paper.

Natural gas is a naturally occurring gas mixture that is formed deep beneath the earth’s surface and is primarily composed of methane. Alongside crude oil and coal, natural gas is one of the most important fossil fuels in the world. In fact, according to the International Energy Agency, natural gas is the third most important primary energy source in the world energy market with a share of 24 % of the world energy supply in 2020. Natural gas consumption is expected to stay high in 2030 and 2050 with an expected share of 23 %. Compared to other fossil fuels, natural gas has the lowest CO2 emissions and is an important energy source for households and industries. It is used for heating, electricity, or as a fuel for vehicles.