Energy Flux @ Gastech 2025 - Milan, Italy

Energy Flux founding editor Seb Kennedy tours the Gastech exhibition while reflecting on the main themes from the four-day conference.👉For more analysis, subscribe to the newsletter at www.EnergyFlux.news SummaryIn this episode of the Energy Flux podcast, host Seb Kennedy reflects on the Gastech 2025 event, discussing the rising US presence in the LNG market, the economic realities of pricing, and the political implications of US LNG exports.He explores the future of US natural gas production and shares insights from his experiences at the event, emphasizing the complexities and challenges facing the energy sector.Key topics & takeawaysGastech was a momentous event at a significant historical junctureThe disconnect between public statements from industry leaders and market realities is wideningOver-investment in LNG capacity is reshaping the global glut depth & duration outlookTransatlantic margins will face significant compression (as detailed in last week’s Hot Take)North-West Europe-TTF price dislocation as lead indicator for distressed LNG cargo pricingHow merit order economics and cost inflation affect LNG investment attractivenessThe history of LNG, and the difference between conventional integrated export projects vs US LNG second waveThe political & economic implications of gas/electricity price inflation in the domestic US marketCan US shale production growth keep up with competition for upstream gas resources (LNG vs data centres)? Read more & subscribe at 👉 www.EnergyFlux.news 👈