February 2, 2021 by Jean-Baptiste Dubreuil and Gergely Molnar

After record lows in mid-2020, Asian spot prices for LNG rose tenfold to reach record highs in January 2021. This volatility is an obstacle to the development of the gas infrastructure that’s essential to the region where demand for gas is growing, explain Jean-Baptiste Dubreuil and Gergely Molnar at the IEA. There were multiple causes for the price spike, including the cold winter, limits to nuclear and coal generation, and outages at regional … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Asia, China, gas, India, infrastructure, Japan, Korea, LNG, markets, prices, Singapore

September 29, 2020 by Jean-Baptiste Dubreuil, Gergely Molnar and Songho Jeon

Traditional monopolistic and oligopolistic gas markets artificially keep gas prices high, work against competition and efficiency, and have no place in the modern world, say Jean-Baptiste Dubreuil, Gergely Molnar and Songho Jeon at the IEA. They calculate that gas market reforms in the EU, begun in the mid 1990s, saved the bloc $15bn in 2019. But it typically takes 20 years for such a market to be properly established. The authors explain that … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Brazil, China, coal, EU, gas, India, markets, policies, UK, US