OIES Podcast – The Current State of the Global Gas Market

In this latest OIES podcast, from the Gas Programme, James Henderson talks to Bill Farren-Price, Mike Fulwood and Jack Sharples about the current state of the global gas market given the continuing war in Iran. They discuss the impact of the cessation of LNG flows from Qatar and the UAE, including a review of the main demand centres that have been affected and the ongoing volatility of prices. They then review three scenarios for the re-opening of the Strait of Hormuz, analysing the potential for LNG flows in the short-, medium- and longer term and the consequent supply and price impacts. Finally, the podcast considers the risks to the refill of storage in Europe over the summer, the potential new shape of the LNG wave that could replace exports from the Gulf and the risk that the current crisis could fundamentally change the perceptions of the future of gas in importing regions.

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