Oxford Energy Podcast

In this fourth OIES Energy Podcast Jonathan Stern discusses his latest paper on the future of gas in the global energy economy, entitled “Challenges to the Future of Gas: unburnable or unaffordable?”. In conversation with David Ledesma, Professor Stern reviews his hypothesis that while the gas industry needs to have a decarbonisation strategy if it is to prosper in the long term in Europe, in many other parts of the world the issue is price. In particular, in non-OECD countries gas is viewed as an expensive energy option, and although it can help to alleviate air quality problems in some cities, it needs to be affordable if demand is to grow in line with optimistic forecasts. The implication for LNG producers is that they must get costs down if a new wave of projects is to be developed.