In this short video looking at the global gas market, Massimo Di-Odoardo, Vice President, Global Gas and LNG Research, explains why China is set to become the world's largest LNG importer. He also looks at why Europe will also need to become a major importer.
The last 18 months have been transformational for the LNG industry. After years of concern about oversupply, improved market dynamics mean that this fear has reduced. What has caused this change? The massive coal to gas switching program in China has certainly played a large part in this changing landscape. And with European imports expected to double by 2025, Europe will become a major importer too. Will Europe need to compete with Asian buyers to meet its demand? At what point will new LNG supplies be needed? Watch Massimo to find out the answers to these questions and why the race to build new LNG supply is back on.
Another year, another Gastech! The world’s largest annual gathering of the gas and LNG industry was held in Barcelona on 17-20 September and we were proud, once again, to be the official knowledge partner for the coming together of the industry's stakeholders. In the 12 months since last year's event, the mood among attendees has improved markedly, particularly, but not solely, on the sell-side. Prospects for an oversupplied market are starting to fade and confidence is growing rapidly for pre-FID supply. This new-found aplomb is reflected in the number of agreements signed in recent weeks and months, which in many cases will support new investment. Our speakers chaired panel sessions and presented every day at the strategic conferences. This report includes links to our presentations, insights, videos and our wallmap published specifically for the conference.
This report contains:
Massimo Di Odoardo - Is gas the right bet for Oil Majors.pdf