OIES Podcast – International Gas Contracts
In this podcast, David Ledesma talks with Agnieszka Ason, Senior Visiting Research Fellow at the OIES and Manuel Calvo Diaz, Energy and Environment Director of the Naturgy Foundation about the new OIES paper on International Gas Contracts, which was prepared with support from the Naturgy Foundation. The paper explains the fundamentals of Gas Supply Agreements for pipeline gas (GSAs) and Sale and Purchase Agreements for LNG (LNG SPAs), which combine various commercial choices of the parties and their shared outlook for market changes. The paper identifies the key challenges for international gas contracting, including (1) flexibility, (2) security, and (3) decarbonisation. It also highlights the market’s re-focus on long-term LNG SPAs amidst the Russian invasion of Ukraine.