
ENGIE EnergyScan · 2025-12-10 · 6 min
Since 2022, gas prices in Europe and Asia have moved closer to oil prices due to supply constraints and fuel switching. This podcast dives into the key drivers behind this link: price indexation, producer strategies, industrial and transport substitutions, and the role of U.S. associated gas production. While market consensus expects gas prices to fall well below oil from 2026, we explore why this scenario might not materialize. Start your EnergyScan free trial and get more analysis and data on energy markets :