-
What is setting global gas prices?
Wild swings in global gas prices across the last 3 years have greatly increased focus on a simple question: what is it that drives gas price levels? The answer in the very short term (e.g. the next hour) is market flows i.e. transactions of traders buying & selling gas. The answer in the very long term (e.g. 10 years+) is there is a loose but powerful influence of the long run marginal cost of incremental supply. However these simple facts are not a lot of help in supporting commercial & investment decisions. There is a clear benefit from having a more structured framework for understanding the marginal drivers ... (full story)