OIES Podcast – The Global Outlook for Gas Demand in a $6 World

In this latest OIES podcast, from the Gas Programme, James Henderson talks to Mike Fulwood about the paper he has edited on the outlook for gas demand in a world of gas prices at $6/mmbtu. The concept of the paper is based on the consensus view that the imminent wave of new LNG projects will cause an oversupply of gas in the market and lead to lower prices through the rest of this decade. A number of OIES research fellows have analysed what this might do to gas demand as consumers react to lower prices, and Mike has brought the results together in a paper which looks at the major markets that import LNG. The analysis starts with Europe, before moving onto to Asia (in particular China and India) and then to Africa and Central and South America. Overall, a lower gas price is seen as a providing a significant boost to gas demand, with the implication that the market may well balance at a price higher than $6.

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