Cheap gas key to unlocking new markets
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
Ensuring gas is cheap enough to broaden access to the fuel is the key to unlocking more demand in price-sensitive emerging markets in Africa and Southwest Asia, with supportive government policy essential for entrenching the fuel and assuring investors of its longevity, industry executives said at the World Gas Conference in Beijing in May. The cost of gas across all key markets in 2024 declined significantly year-on-year, but European and Asian spot prices remained well above their historic averages. The front-month TTF price last year was more than double the five-year average over 2016–20, while the Platts Japan-Korea Marker averaged nearly twice as high, according to the IEA. “We d

Also in this section
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
23 June 2025
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs