Exploration & Production

Key trends to watch during the next gas year

Global Gas Analytics highlights the essential events and forces at work in the global market over the coming gas year Global Gas Analytics highlights the essential events and forces at work in the global market over the coming gas year.
By Peter Stewart 17 October 2018 0 32879
The prospect of even hotter summers in future, resulting in wildfires of unprecedented scale and ferocity, will boost electricity demand as the need for cooling soars. (Pikabay)

This month, Global Gas Analytics provides its annual round-up of the key features it believes will shape the world gas market in the year ahead.

1. IPCC report and COP24 conference

Impact: Bearish for gas and LNG

A landmark report released this month by the UN Intergovernmental Panel on Climate Change (IPCC) has said urgent changes will be needed to reach the Paris agreement goal of limiting temperature rises to 1.5-2C. The world’s leading climate scientists say a 2C rise will cause far greater problems than...