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Europe’s gas security strategy may not be 2024 ready
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for next year’s heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
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Petchems Report: US a petchems hotbed while Europe struggles
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Drilling rigs in the Permian basin
Gas Markets
Anna Kachkova
22 March 2023
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Shale drillers try to stay patient amid gas price slump

Producers resist urge to respond too quickly to gas price trends

US shale drillers are keeping their plans unchanged for now as they ride the peaks and troughs of gas price volatility. Prices spiked last year in the wake of Russia’s invasion of Ukraine but have since dropped back to pre-war levels, and analysts question whether the industry has learned lessons from the past—when quick responses to price changes have left producers playing catch-up. Certainly, the industry remains sensitive to price signals, and further fluctuations will shape how gas drilling plays out over the remainder of 2023 and beyond. Various other factors will also have an impact on behaviour, however, including how companies are structured and what their asset mixes look like. Whi

Also in this section
Europe’s gas security strategy may not be 2024 ready
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for next year’s heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Opinion
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Letter from Pakistan: More oil and gas needed, not less
Opinion
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
LNG freight must navigate chokepoints and bottlenecks
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges

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