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Natural Gas Prices – Why are they Important
Natural Gas prices have been a big issue – particularly in Europe – where gas prices are relatively high
Natural gas provides most domestic space heating in some countries
Natural gas is a significant source of electricity generation in many countries
Natural gas is a key input in many industrial processes – anything heat intensive , petrochemicals and fertilizer

How are gas prices formed ?
Why do they vary around the world ?

Like all prices gas prices are set by supply and demand
Gas supply is a very capital-intensive industry – suppliers need demand security for investment
But customers have taken cheap gas for granted
Moving form long term contracts to a mix of LT & Spot
Moving from gas islands to Globalisation via LNG