Fixing a hole – not just a great Beatles song – but a theme for showing you how LNG can fill the gaps between where we are and where we want to be in terms of Midterm energy transitions. As well as micro and macro news, this week we bring you plenty of LNG success stories from the week.
Whilst some analysts are already predicting an economic upturn this year, Pat believes it's too early to say whether LNG will see any growth. In this fragile situation, the key theme for this week's podcast is 'hold your nerve'. Listen on to see how this theme prevails throughout both the macro and micro business environment.
This week we are delighted to welcome back Akos Losz, Energy Analyst at the International Energy Agency, to discuss their new Gas Market Report for Q1 - 2021. After an unprecedented drop in natural gas demand 2020 closed with a rapid recovery in gas prices as a rise in winter demand tightened supply. A similar pattern held in the first weeks of 2021 with cold snaps bumping gas prices in Europe to their high winter levels and spot LNG prices in Asia broke historical records. Listen on for more insights.
As outgoing President Trump flew off on Air Force One to Florida, the incoming President, Joe Biden, eloquently set the scene for a new way forward for the USA. This week's LNG Wrap looks at this macro news, and what impact the change in US politics could have on the LNG business.
Just 2 weeks into the new year, and who would have thought spot Asian prices would be close to $40 per MMBtu? Having never seen a spike like this, this week's LNG Wrap looks right where the action is in the micro short-term dynamics of the global LNG business.
Happy New Year! Welcome back to your weekly fix of LNG news and updates. This week, Pat looks ahead to 2021 as a year of 2 parts. Part one being right now, with the COVID-19 struggle still strong, and part 2 seeing breakthroughs and a return to normality, whatever that may be. Stay tuned for LNG macro and micro news, trends in LNG demand and also some big company news.
In our last LNG Wrap of the year, Pat discusses what 2020 has meant for the LNG business. She also looks ahead to the future. The general concensus is that LNG will remain highly relevant and a big part of company portfolios well into the 2030s.