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NATGAS: Current Gas Volatility Signals Supply Tightness: Woodside

NATGAS
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The current volatility within gas prices, especially in Europe, is a ‘signal that the market is much tighter than many expected,’ Woodside’s CEO said, cited by Bloomberg

  • “If you went back just two months ago, people would say ‘it feels like the market is in really good shape, Europe and Asia have good inventories,” Meg O’Neill, Woodside CEO said. “Roll forward not that many weeks and we’ve got signs of pressure.”
  • “Some nations will have stocked up and will have long-term contract positions that will ensure they have the gas they need and there will be others that will be struggling,” O’Neill said.
  • “The wild card always in the gas world is the weather and if we encounter an unusually cold or an unusually long cold spell, that’s when things can get a little bit trickier,” O’Neill said. “I do expect that things will be tight probably for another year or so and then we’ll get a bit more supply.”
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The current volatility within gas prices, especially in Europe, is a ‘signal that the market is much tighter than many expected,’ Woodside’s CEO said, cited by Bloomberg

  • “If you went back just two months ago, people would say ‘it feels like the market is in really good shape, Europe and Asia have good inventories,” Meg O’Neill, Woodside CEO said. “Roll forward not that many weeks and we’ve got signs of pressure.”
  • “Some nations will have stocked up and will have long-term contract positions that will ensure they have the gas they need and there will be others that will be struggling,” O’Neill said.
  • “The wild card always in the gas world is the weather and if we encounter an unusually cold or an unusually long cold spell, that’s when things can get a little bit trickier,” O’Neill said. “I do expect that things will be tight probably for another year or so and then we’ll get a bit more supply.”