Natural gas and Offshore wind

Their prices have moved together.

Natural gas (energy) and Offshore wind (energy): 1 relationship.

How they are linked

1. Price link: rival source

Cost and price · Weak · Both ways

Offshore wind displaces gas power in Europe and Asia, and high gas prices raise its value. The turbine proxy does not follow gas, with monthly moves correlating at -0.05. Build costs matter more.

• -0.05 monthly change correlation
• -0.02 12-month change correlation
• 0.06 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.