Russia’s invasion of Ukraine has exacerbated the tightening supply of natural gas, which has been underway since mid-2021, further pushing up prices for consumers and leading to fuel switching and demand destruction. It has also darkened the prospects for natural gas, especially in developing markets where it was to play a central role in energy transitions.
Natural gas demand is now expected to decline in 2022 and remain subdued until 2025. Europe’s pursuit of LNG to phase out Russian pipeline gas – combined with limited additions of new LNG export capacity – raise the risk of a prolonged market tightness and periodic shortages of natural gas.
Scaling up low-carbon gas production, the abatement of methane emissions and a faster implementation of clean energy transition policies in developed economies could help ease price competition and free up gas for price-sensitive emerging markets, where gas can deliver short-term improvements in carbon intensity and air quality by accelerating the transition away from coal.
The Center on Global Energy Policy will host a panel of experts to discuss the latest Q3 2022 edition of the IEA’s Gas Market Report, which provides a medium-term forecast to 2025 and a short-term update on recent gas market developments in the first half of 2022.
Anne-Sophie Corbeau, Global Research Scholar, Center on Global Energy Policy at Columbia University SIPA
Akos Losz, Energy Analyst, International Energy Agency
Leslie Palti-Guzman, Co-Founder and CEO, GasVista
Tom Marzec-Manser, Head of Gas Analytics, ICIS
This webinar will be hosted via Zoom. Advance registration is required. Upon registration, you will receive a confirmation email with access details. The event will be recorded and the video recording will be added to our website following the event.
This event is open to press, and registration is required to attend. For media inquiries or requests for interviews, please contact Natalie Volk ([email protected]).