WEBINAR - What could the outlook be for the global gas market?
Note, this Webinar was held on March 2nd - if you missed it Contact Us for further information.
Global gas prices reached unprecedented levels at the end of 2021, with record prices hit around the globe. Both Asia’s JKM LNG price and Europe’s TTF gas price breached the $40/MMBtu milestone. Much has been written to dissect the causes of 2021’s price rally citing the impacts of COVID-19, China’s appetite for LNG, unscheduled shutdowns of some LNG production capacity, pipeline permitting issues in Europe, low gas storage levels, and the impact of a cold 2020/21 winter.
The issues mentioned above were not unique to 2021, supply/demand imbalances are regular occurrences. However, key hub prices have never held a breach above $20/MMBtu. How have prices been sustained at this level for months? We will show that there are emerging long-term factors that stoked this bull run to almost US$50/MMBtu.
In this webinar, we will attempt to address to what extent current market action is representative of a “new normal” to be expected in European gas markets. We will also assess to what extent decarbonisation related stresses will be replicated in other markets, particularly Asia.
Wednesday, March 2, 2022 @ 9AM GMT
Duration: 45 minutes
Wednesday, March 2, 2022 @ 2PM GMT
Duration: 45 minutes
About the Presenters...
Tony Regan - Lead, Gas & LNG, Asia Pacific
Tony is a gas and LNG specialist focusing on global LNG and Asian natural gas markets. He was first introduced to the world of LNG in the early 1990’s when he held the position of Vice President, Energy with Shell Korea and arranged the first spot cargoes of LNG into Korea from Australia and Brunei. He has subsequently advised a wide range of clients on all aspects of the LNG business covering liquefaction, including FLNG, regasification terminals, including FSRU’s, shipping, contracting, pricing and trading risk management.
Tom Fox - Managing Consultant, EMEA
Tom comes from a background in oil and gas consulting. He has previously focused on infrastructure transaction support and strategic planning. In a prior life, Tom studied physics at university specialising in the applications of plasma physics to particle accelerators.
About Us - NexantECA, the Energy and Chemicals Advisory company is the leading advisor to the energy, refining, and chemical industries. Our clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with deep and broad understanding of markets, technologies and economics, NexantECA provides solutions that our clients have relied upon for over 50 years.