In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Jack Sharples and Anouk Honore about the analysis which they contributed to the latest Gas Quarterly, which is available on the OIES website. The podcast starts with a discussion of current pricing trends before moving on to consider key issues around gas supply via pipeline and LNG to the European market, in particular the impact of the shutting of the Ukraine transit route. Anouk then talks about the main drivers of European gas demand, with a particular focus on the increased volatility in gas demand in the power sector as a result of the expansion of renewables in the electricity system. Having then discussed industrial and residential demand, we turn back to Jack who looks at the current state of storage and expectations for the rest of winter, including the impact of gas demand in Asia. The podcast concludes with both fellow giving their views on the outlook for the remainder of 2025, looking at the overall global gas balance and reflecting on the fact that 2025 may well be the last year of tight gas supply before the anticipated wave of new LNG projects starts to arrive in 2026.
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