Published on 28 Nov 2022 on Insider Monkey via Yahoo Finance
11 Best Gas Stocks To Buy Now
In this article, we discuss 11 best gas stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Gas Stocks To Buy Now.
Russia’s invasion of Ukraine has accelerated the shortage of natural gas, further hiking up prices for consumers and businesses alike. This resulted in the use of alternative fuels and demand destruction. It also creates longer-term unpredictably in the natural gas market, especially in emerging nations where it used to play a primary role in energy transitions. According to the International Energy Agency, the Asia Pacific region and the industrial sector are the core drivers of growth in the natural gas market, accounting for 50% and 60% of the growth to 2025, respectively. However, the Asia Pacific region will be subject to high risk from rising prices and slow economic growth.
As per IEA data, gas production in North America rose by 2.1% in 2021 although there was limited capital expenditure in the US upstream sector, driven by higher domestic and export demand. Per IEA’s estimates, North America holds a leading position in the intermediate-term in the global growth of natural gas supply, with nearly 85 bcm added between 2021 and 2025. The region represents nearly 40% of the net increase in production capacity and over half of the worldwide net production growth during 2021 and 2025.