FGE Crystal Industrial Gas Gathering 2023 “Navigating the Escalating Uncertainties of the Global Gas Market’’

Global oil and gas demand is expected to remain structurally resilient, with natural gas consumption projected to grow until the mid-2040s—reinforcing gas as a core transition fuel rather than a short-term bridge. Near-term LNG markets are likely to remain tight due to geopolitical pressures, sanctions on Russia, and delays in new project sanctions, sustaining price volatility until additional capacity enters between 2025–2028. Over the longer term, LNG prices to Asia are projected to normalize around USD 8–9/MMBtu, setting a clear competitiveness benchmark for future gas and LNG investments.

These market realities underscore critical priorities for Indonesia: securing reliable gas and LNG supply during the transition period, maintaining price competitiveness for industry, and preserving investor confidence amid global uncertainty. These issues were explored at FGE’s Crystal Ball – Industrial Gas Gathering 2023, convened by the Indonesian Gas Society (IGS), where global and national experts—including Dr. Fereidun Fesharaki—examined how Indonesia can navigate market volatility while strengthening energy security and supporting long-term economic growth.

(L-R) Oil and Gas Practitioner Dr. Widhyawan Prawiraatmadja, IGS Chairman Aris Mulya Azof, and Founder & Chairman of FGE Dr. Fereidun Fesharaki.

Founder & Chairman of FGE Dr. Fereidun Fesharaki.

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FGE Crystal Industrial Gas Gathering 2023

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