Oxford Energy Podcast – Recovery from COVID-19 and Balancing the LNG Market in 2021
In this podcast David Ledesma discusses with Mike Fulwood, Senior Research Fellow at the OIES, the recovery of the gas market from the 2020 global market collapse, due to the COVID-19 pandemic and how the LNG Market could balance in 2021. Following a look back at the European gas market in 2020, the podcast discusses the prospects for gas demand in 2021 in Asia, Europe, the Middle East and North America. The supply side market correction from North American LNG cargoes enabled Europe to balance during 2020 and potentially the market could see the same in 2021, but to a lesser degree. The podcast then discusses European gas pricing trends and the longer-term implications of the high Asian spot prices in January 2021.