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Softening demand across major gas markets coupled with growing supply has precipitated a significant shift in the world of gas. One year ago the question was "where is the gas going to come from?" But now the market is asking "Who is going to need all this gas?" as economic downturn has combined with new production of shale gas and LNG to create a global supply glut. Furthermore, recession has driven European gas demand down 7% in 2009, resulting in a 50% year-on-year decline in spot gas prices. But oil prices remain strong, resulting in a growing gap between oil-linked, long-term gas prices and short-term spot gas prices. Could Europe be at a tipping-point?
Join Platts editors as
they discuss the changes in gas markets across the globe.
Economic downturn and the global gas bubble
William Powell, Editor, Platts International Gas Report will examine the key shifts in the global gas supply/demand balance
including:
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Changes in global gas supply/demand forecasts
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Shale gas in the US and Europe, CBM in Australia
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The growth of LNG production
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Changes for major producers: Russia, Nigeria
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Competing fuels: nuclear revival, shift from coal
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Slow progress: The Caspian and the Middle East
Europe at a tipping-point: from oil-link to spot trade
Alex Froley, European Gas Markets Editor, Platts will discuss how the gas market in Europe is changing and more including:
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How long-term deals created the gas industry
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The growth of short-term spot trading
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The effect of recession on European gas markets
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The growing disconnect between oil-linked and spot prices
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The birth of new European gas hubs
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Europe at a tipping-point?
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Date: |
Tuesday, December 1, 2009 |
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Time: |
10:00-11:00 am Eastern |
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Register: |
Click Here |
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Meet the
Speakers:
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William Powell
Editor,
Platts International
Gas Report
William Powell has been reporting on gas markets since 1995. Before becoming editor of Platts International Gas Report in 2006, he ran the Platts European real-time news and gas and power market reporting team and edited the European Natural Gas Report. Before joining Platts he was managing editor at Financial Times Energy, where he launched Gas Daily Europe during which time he edited the UK Gas Report.
Alex Froley
Editor,
Platts European Gas Markets Editor
Alex Froley is one
of the editors of Platts European Gas Daily, working out of
the Platts office in London. He joined the company in 2000 as
a real-time news and price reporter covering European gas and
electricity markets. He has followed the development of new
trading points across Europe in recent years as well as the
growth in importance of LNG. During 2004 to 2007 he was editor
of the fortnightly publication Platts UK Gas Report. He is now
one of the editors of Platts' daily UK and continental
European gas market publication.
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