Gas still bound by oil link in global markets
GDF Suez’s Jean-Marie Dauger explained to Kwok W Wan why diversity is key to gas’s golden age
The golden age of gas is coming but the global market will stay fragmented into three distinct regions, and prices will remain oil-linked, says French energy firm GDF Suez. Gas supply and demand are expected to grow this century, but while liquefied natural gas (LNG) is set to be the fastest expanding form of supply, it won’t be enough to create a truly global market with a common price. “When I started in in the gas industry, I used to present the world market as non-global. But at the same time we were all thinking that when US production decreases, when its gas consumption increases and LNG comes online, then the market gradually would become global,” Jean-Marie Dauger, vice president of
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