Morgan Stanley raises its forecast for natural gas prices in 2023, 2024

Morgan Stanley raised its forecast for LNG prices in 2023 and 2024, due to increased demand from Europe which will in turn intensify global competition and cause supply shortages next year. Experts at the bank estimated that the average price of Asian liquefied natural gas may reach $39.50 per million British thermal units next year, up from previous forecasts of only $30.