The natural gas market is undergoing a fundamental transformation. Industry has overtaken the power sector as the driving force behind the growing use of gas. At the same time, structural changes in gas supply and trade are changing global gas market. Heavily oversupplied markets, the ongoing shale-gas revolution in the United States and the fast-growing LNG trade are disrupting traditional gas business and pricing models. This is forcing market players to redefine their strategies and explore new markets.
The Center on Global Energy Policy hosted the global launch of the IEA’s annual natural-gas market analysis and forecast report. Renamed Gas 2017, the market report provides a detailed analysis of supply and trade developments, infrastructure investments, and demand-growth forecast through 2022. Dr. Fatih Birol, the IEA’s Executive Director, and Peter Fraser, the head of the IEA’s Gas, Coal and Power Markets Division presented the report. Bob McNally, Founder and President of The Rapidan Group and Center on Global Energy Policy Fellow moderated the discussion following the presentation.