In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Mike Fulwood about the results of the latest IGU gas price survey.  Mike has been the lead author of the survey, which was conceived by the IGU Strategy Committee back in 2005 to begin a process or this one of a kind analysis of the evolution of the global gas markets. The survey has traced the global gas markets coming of age through the U.S. shale and LNG revolutions.   During the podcast they discuss the change in price formation away from oil-linked pricing towards gas-on-gas market pricing as well as the gradual decline in regulated prices over the past 18 years. They contrast the differing approaches in different regions and also consider the significant increase in spot LNG trading since 2016, when the first US LNG export project was launched. On price levels the discussion centers around the overall increase in the average global price over the period but also looks at the impact of the 2022 energy crisis in various regions and how the differing regional pricing models impacted global trade over the past two years.

To Listen or Download this excellent podcast, you can go to:

https://www.oxfordenergy.org/publications/oies-podcast-the-igu-gas-price-survey/

OR find it on Spotify and also on Apple Podcasts