Russia’s war on Ukraine is largely to blame for high energy prices in Europe as the continent competes with Asia for already tight supplies of non-Russian gas. And the scramble for alternatives to Russian gas has reached the US, where prices have doubled since the beginning of the year.
For a look at what the future holds for natural gas markets, host Jason Bordoff spoke with Ira Joseph. He’s the head of global generating fuels and electric power pricing at S&P Global Platts.
Ira has decades of experience researching the gas sector and previously worked at the PIRA Energy Group, where he started the firm’s European gas and power and Global LNG Service in 1999.
The pair discussed the factors contributing to the abnormally high gas prices and the implications for energy security, the clean energy transition and global climate commitments.