GAS AND LNG SERVICE

Yet LNG-fired power is still expected to represent 50% of the Taiwanese generation stack through the early 2030s.

Europe must not be complacent about the challenges ahead over gas supplies despite surviving this winter period with fuller stocks than expected.

European gas prices still reflect comfortable storage, for now. All eyes are on erosion of the cushion to ensure that a worst-case scenario for the region—and the global gas market more broadly—does not materialize. Yet, the recently agreed price cap compromise will likely result in limited impact on Asia. This year’s LNG contracting activity reaffirmed long-term energy security beyond the short-term scramble. US activity reveals new players and strategies, while reinforcing the region’s growing importance to both supply and pricing.