Oxford Institute for Energy Studies – Quarterly Gas Review: Asia

The October 2024 edition of the Oxford Institute for Energy Studies' Quarterly Gas Review provides an in-depth analysis of the Asian gas market, highlighting significant trends and developments. This comprehensive report examines the surge in gas demand across Asian regions, which continues to tighten global balances and support a gentle rally at the front of the curve. It discusses the impact of stagnant production, disrupted pipeline imports, and a tighter LNG market on global gas dynamics. The review also explores the implications of project delays in new LNG capacity, such as the Golden Pass LNG project in the US and Russia's Arctic-2 project, on the global supply outlook. Additionally, the report analyzes the European gas market's disconnection from global trends, noting that despite weak demand, prices have continued to rally due to a tighter global picture.