OIES Podcast – Impact of Russia-Ukraine War on Energy Markets Series – 9


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In this latest OIES podcast on the impact of the Russia Ukraine War on Energy Markets James Henderson talks to Mike Fulwood and Jack Sharples about their views on the gas market and also discusses the European demand response in more detail with Anouk Honore. Jack provides an update on European storage injections and how they have been affected by recent developments in flows of Russian gas imports while Mike assesses the state of LNG supply and discusses the impact of demand in Asia, highlighting the fact that Chinese demand has been much lower than expected. Anouk Honore then considers how European gas demand has moved in the first few months of 2022 and looks out at prospects for the next 18 months, focussing on impacts in the power sector, the risks of a cold winter and the ongoing reduction of demand in the industrial sector. She also considers whether a further restriction on Russian gas imports would lead to a further price-drive decline in demand or whether governments would need to impose specific restrictions to curtail consumption.

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