Short- and Medium-Term Outlook for Gas Markets.
In this Quarterly Review, Mike Fulwood (Senior Research Fellow) and Jack Sharples (Research Fellow), Gas Research Programme, OIES, assess the impact of the present market situation on LNG margins, as a motivator for LNG project FIDs, and inter-fuel dynamics in Europe, before taking a deeper dive into the supply-demand balance on the European market in recent months and the key factors in that balance.
There are two special sections. Firstly, ‘In the Bleak Midwinter’ considers the EU proposal to reduce gas consumption during the coming winter and the impact of a complete curtailment of Russian flows to the EU. Secondly, the outlook in China. The extent to which Chinese LNG demand rises or falls has a significant impact on the availability of LNG for Europe, and they examine the economic context behind China’s current LNG demand dynamics.