Will complacency spoil the party, or are we ready for the coming winter? | October 23

Wednesday October 23, 2024

9 AM Houston | 10 AM New York | 3 PM London | 5 PM Athens | 6 PM Doha | 7 PM Dubai | 11 PM Perth/Singapore

Moderator:
• Jason Feer, Global Head of Business Intelligence, Poten & Partners

Panel: 
Irwin Yeo, Senior LNG Analyst, Asia Pacific, Poten & Partners 

Steven Swindells, Senior LNG Analyst, Europe & Africa, Poten & Partners  

 

 

The first weeks of the Northern hemisphere heating season have seen modest withdraws from natural gas storage, but Europe and most Asia Pac consumers appear to be well stocked for the coming winter, provided the mild weather of recent years persists. Commodity prices have held mostly stable and freight rates have fallen amid an abundance of new builds hitting the market ahead of a number of delayed liquefaction projects. 

But after four consecutive years of relatively mild winter weather, what would a cold winter even look like? And are consumers and the supply chain prepared if the coming heating season proves to be unexpectedly cold?  

Join a panel of Poten & Partners’ top global analysts as we discuss the outlook for the coming 2024-2025 winter and run through scenarios as we head into the peak demand season. Here’s a few of the topics we will tackle: 

• What are weather forecasters saying about the coming winter? 
• What do inventory levels look like globally? Is there enough gas in storage to get through a colder-than-normal winter? 
• Is there enough shipping capacity if Asia Pac and Europe both require additional supply? 
• What do utilization rates for the new European FSRUs look like and can they handle additional volumes if the need arises? 

Asia Pac prices have been higher than Atlantic Basin markets. Is that trend likely to continue or could the market balance swing back to Europe during a colder winter?