Dr Fereidun Fesharaki, FGE
Dr Fereidun Fesharaki, FGE
16 November 2021
The Market Dynamics and the Politics Behind the Natural Gas and Energy Shortage
There may be signs that surging natural gas prices are starting to ease, but it's worth revisiting how we got to this situation where some energy producers are being forced to switch to oil and even coal to cover energy shortages ahead of winter in the Northern Hemisphere. It's also happening on the heels of the COP26 Summit in Glasgow. JP Ong spoke to Dr Fereidun Fesharaki, the Chairman of FGE, to trace how we got to these energy shortages, if Singapore's strategy to focus on long-term contracts is a better tactic in these times, the politics behind the shortages, and if the transition to cleaner energy is more complicated than first thought.
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Listen to his previous podcasts:
28 April 2020
Negative Crude, Price Wars and Fallen Trading Houses: Lessons from the Oil Markets
We've seen an oil price war between two of the world's biggest producers, WTI prices turning negative and a storied oil trading house in Singapore collapse. What lessons can we take from oil markets in the last 2 months? Dr Fereidun Fesharaki, Chairman of FGE, joined us on MoneyFM to discuss why Brent Crude matters more, why impulse more than strategy was behind the March price war, lessons to be learned from Hin Leong's troubles, and why the story for oil will still hinge on demand.
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