IEA Global Gas Security Review and Market Report, Q3 2023

Organisation:
CIEP-IAI-IEA
Location:
ZOOM-platform
Date:
27 July 2023
Participation:
closed; recording available below

Overview

CIEP and IAI, in cooperation with the IEA, hosted this webinar on the IEA Global Gas Security Review and Market Report, Q3 2023. The recording is available here. The event took place on Thursday 27 July from 11.00h to 12.30h CET.

Introduction Luca Franza
  Scientific Advisor, ECRP, IAI 
Presentation Gergely Molnar
  Gas Analyst, IEA
Debate & Q&A Moderator Coby van der Linde
  Director, CIEP 
   

While the immediate effects of last year's supply shock have eased in recent months, the structural changes that emerged in 2022 will persist for years – and should be taken into account both by policy makers and market players.

Ensuring secure supplies of LNG, in particular, will require policy makers, in close coordination with private actors, to facilitate the development of innovative commercial offerings, novel procurement mechanisms and new co-operative frameworks.

The Global Gas Security Review has provided a thorough assessment of the evolution of gas supply security and LNG contracting trends each year since its first publication in 2016. This year’s edition includes the latest insights of the IEA’s quarterly Gas Market Report, as well as a special spotlight on natural gas storage and evolving regulatory frameworks, taking into account the increased need for supply flexibility.

Beyond the growing complexity of gas supply security both in the short and long term, the decarbonisation of gas and the broader energy system will require the deployment and scaling up of low-emission gases. Part of the IEA’s Low-Emission Gases Work Programme, this year’s Review includes a special section on this topic, with a focus on the storage of low-emissions gases and the future role of liquefied low-emissions gases in the international maritime sector.