Natural gas prices are currently too low, and demand will rebound in the next few years, Qatar’s energy minister Abdullah bin Hamad al-Attiyah has told the Tehran Times.
“By 2013,2012, the world will see more demand than supply, al-Attiyah told the local paper, at a conference in Doha. He also described the current drop in demand as “short term”.
Gas prices on the US and UK markets have fallen over the past year, due to the economic crisis, and the International Energy Agency has reported that a looming gas glut will affect prices.
Al-Attiyah also stated that it is too early to predict what will come out of the OPEC meeting to be held in Angola next month. He said the rise of oil is now “not related completely to demand and supply” due to moves in currency.
“It’s related to a new correlation, the dollar. The dollar goes up, oil goes down,” al-Attiyah concluded.
