Economic growth may struggle despite energy price drops

How will the global economy respond to the recent halving of oil prices?

Low prices are dominating the start of 2015. Oil prices are continuing to fall and gas prices in Asia, Europe and the Americas are below where they were at the same time last year. Supply/demand fundamentals will not support material price gains in most gas markets in Q1.

• Americas

  Gas production in the US, Brazil and Peru may fall victim to the weak oil price

• Asia Pacific

  Near the peak of winter, the market remains unseasonably loose

• Europe & Russia

  Prices remain low but potential threats to supply remain

• Middle East & Africa

  Low oil prices are a hindrance to Egypt's LNG import ambitions

• US LNG targets Latin America

  LNG volumes from the United States may hinder Latin America’s own LNG export potential.

• Russia’s gas sector – how bad for how long?

  The economic trials Russia is facing will have an impact on its gas sector. With challenges to selling more gas at home and abroad, Gazprom is likely to face a particularly difficult time.

• Oil price drop hitting Nigerian LNG

  Nigeria’s market share of LNG is threatened by a prolonged period of low oil prices, which will also dent IOCs interest in the country’s oil and gas sector.