OIES Podcast – An update on Global Gas Markets

In this latest OIES podcast, brought to you by the OIES Gas Research Programme, James Henderson talks to Jack Sharples and Mike Fulwood about the current state of global gas markets. They start by reviewing prices, which have fallen sharply over the past six months, before considering the key drivers of supply and demand that have led to this outcome. They look at demand in Europe, which has been falling thanks to warm weather, and also discuss the various sources of gas supply to the region and the current levels of gas in storage. The conversation then moves on to consider demand for LNG outside of Europe, especially in China and other parts of Asia, before addressing the potential for an increase in global LNG supply in 2023. Finally, Mike and Jack give their views on the outlook for the rest of 2023 and into 2024, debating whether the current relatively benign situation can be maintained or whether there are significant risks on the horizon.