In the Press

See clip from 01.05 mins: Pat and Guy Shone (Editor in Chief, AnewZ) together discuss how the conflict in Iran has impacted gas supplies over the last six months. The disruption to the Strait of Hormuz has turned from a supply story into a demand story. Europe has reached the end of refill season with the thinnest buffer of supply in close to two decades, and now we see the buyers’ willingness to commit (rather than the availability of gas itself) as the key issue.

Pat Breen, our Chairman & Chief Executive, was on BBC Business News this morning talking to Julia Caesar as the news of Brent touched $100 for the first time since July. Pat has been making the same point for months: the physical picture in the Gulf and the price on the screen are two different stories. Tankers are still moving and we see contracts still being honoured. But what has changed is confidence, and confidence is what buyers are now paying for. Listen to full clip. Pat features at 1.17 minutes into the clip.

Pat added to the global conversation about the Strait of Hormuz and the global LNG trade. "The market's biggest challenge isn't a shortage of gas today, it's uncertainty about gas tomorrow." Europe is not facing a supply crisis. The margin for error is just smaller.

Pat discusses how the UAE has ‘crossed the floor’ in their exit from OPEC, and how wider regional dynamics are now being realigned.

See clip from 04.54 mins: Pat and Guy Shone (Editor in Chief, AnewZ) discuss the current Strait of Hormuz disruption and what this means for LNG flows, pricing, contracts, supply resilience, and the wider risk of a broader energy supply crisis.

Pat discusses the possible impact upon business in sharing energy fuels globally, as a consequence of the continued constraints and blocks across the Strait of Hormuz.

Listen to Pat comment on the Middle East conflict, the impact upon oil pricing, as well as the longer-term implications of the conflict for business.