In this latest OIES podcast, from the Gas Programme, James Henderson talks to Jack Sharples and Anouk Honore about the latest Gas Quarterly and their thoughts on the current state of the global gas market. Jack opens the podcast with a review of the current market looking at price movements over the past three months and assessing the key geopolitical and commercial factors which caused an initial decline and then as spike towards the end of June. Anouk picks up the story with a review of Europe gas demand, which has continued many of the trends seen in the winter of 2024/25, highlighting the increasing volatility of gas demand in the power sector, the struggle for demand recovery in the industrial sector and the impact of the weather on residential consumers. Finally, Jack reviews global LNG supply, the main shifts in demand in Asia and the impact on LNG availability to Europe. He then looks at how LNG fits into the overall European supply picture before concluding with a look at the storage market and what it implies for future prices.
