# Natural gas and Offshore wind

Their prices have moved together.

Source page: https://www.materialinsights.org/links/natural-gas-and-offshore-wind/

[Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy) and [Offshore wind](https://www.materialinsights.org/energy/e_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.