Global gas market decades away say industry leaders
The Gastech conference heard that a gas market similar to the oil market is years away
A truly global gas market – similar to that of traded oil – is years, if not decades, away and may never fully take shape even as a slew of new liquefied natural gas (LNG) projects are built around the world over the next decade, industry leaders said at the Gastech conference in London.
“If you want a fully liquid market, you must have many sources of supply and you must have very many destinations. And you must disaggregate the chain, like we have in the oil industry today,” Frank Chapman, the head of Britain's BG Group, one of the world's largest LNG players, said.
“You have to have a producer who is prepared to build a merchant plant. You then have to have a transporter who is willing
Welcome to the PE Media Network
In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Want to read more?
Please choose from one of the following options: