24th Pacific Gas Insiders (PGI) Briefing 2025

• Highlights of 2024 contracting.
• The big debate continued through 2024 on whether the market favored buyers or sellers. What do we expect in 2025?
• What price level can we expect to see for the next long-term oil- linked deal? Has the anticipation of another new supply wave brought slopes down yet, despite the prevailing market tightness?
• We saw a boom of FIDs in recent years. Will it slow down? What are the headwinds and tailwinds for new project FIDs?
• Ongoing and upcoming price reviews – who and when? Dilemmas faced by buyers and sellers.

Speaker: T.B.C.

• Role of gas in China’s quest for carbon-neutrality.
• Gas-on-gas competition: How are buyers’ LNG procurement decisions affected by the domestic gas pricing environment?
• Infrastructure deregulation – What has changed during PipeChina’s five years of operation, and how have they influenced buyers’ procurement decisions?
• Shifting roles of NOCs and new buyers – What should sellers know when marketing LNG to China?

Speaker: T.B.C.

• Risked vs. Unrisked LNG Supply: Insights from our risk assessment on the upcoming supply wave.
• USGC vs. Pacific Coast: How are North American LNG project developers addressing the Panama Canal bottleneck?
• Where do we see supply growth outside of North America? How is the Middle East and Africa’s LNG expansion progressing, and which markets will contract this supply?
• The impact of tightening environmental regulations on LNG supply optimization across trading basins.

Speaker: T.B.C.

• How will the LNG shipping market impact buyers’ procurement strategies over the next five years?
• What are the prospects for spot/short-term charter rates?
• What impact will rising vessel costs have on long-term charter rates?
• Panama Canal: How will the bottleneck impact the cost of bringing US LNG to Asia?
• FLNG: Is the future of the FLNG business evolving?
• What are buyers’ current options in FSRU market: How many FSRUs will become available in the short term?

Speaker: T.B.C.

• Japan: Will Japan’s new Strategic Energy Plan, to be announced by April 2025, encourage buyers to start signing LNG term contracts? Who are dependable suppliers for Japanese buyers?
• Korea: What are the key drivers of Korea’s gas market outlook? Discussions on the new Power Plan, the evolving role of KOGAS vs private importers, and LNG pricing/commercial discussions.
• Taiwan: Role of gas in Taiwan amidst nuclear phase out and expansion of renewables as Taiwan works towards its net-zero target. Progress on Taiwan’s LNG procurement and implications of regasification bottlenecks.

Speaker: T.B.C.

• Overview of emerging Asian gas markets.
• What is the prospect for domestic gas supply in each market? What drives gas/LNG demand?
• What is the ability to pay in these markets?
• Status of planned LNG import projects in these markets and progress towards LNG procurement for new importers.

Speaker: T.B.C.

• Overview of India’s gas market.
• Upstream policies have seen limited changes. Are current policies adequate to support continued growth?
• Adequate growth is expected in India’s regasification and pipeline projects in time for the next LNG supply wave.
• Downstream policies still contradict plans to boost gas’ share in the energy mix, as they continue to favor coal and renewables. Is this a good time for long-delayed policies that address air quality concerns by supporting gas/LNG?
• An overview of Indian buyers and their roles. Indian buyers have been busy in the past few quarters. How much appetite do Indian buyers have for long-term LNG volumes?

Speaker: T.B.C.

• Projecting market dynamics and their impact on future spot LNG prices.
• Assessing US gas supply adequacy and its implications for HH prices amid rising LNG exports in 2025 and beyond.
• Softening Spot LNG Prices: Which regions will gain market share?
• How have Europe’s shifting gas usage patterns affected TTF prices? And how does this affect LNG spot prices in Asia?

Speaker: T.B.C.

• Will Russia reestablish Europe as a gas export outlet again? How will Russian gas affect the global LNG market post war?
• How will the European gas market evolve? How will natural gas compete with green energy in Europe?
• How does the European LNG market stand out globally? The impact of tightening environmental regulations on TTF prices and trading margins.
• The implications of the EU’s CBAM and a potential methane emissions penalty on trade flows. How could EU ETS prices affect this?

Speaker: T.B.C.