Dutch Oil&Gas Conference 2010 Jeroen van der Veer: ‘To achieve security of supply, you need alternatives‘ Noé van Hulst: ‘The Middle East is increasingly looking eastwards‘ Marcel Kramer: ‘Gas is certainly a good story‘ Jan Dirk Bokhoven ‘Europe has its own learning curve to get through‘ Paul van Gelder ‘Gas storage opens up interesting possibilities in the value chain‘ In this issue Introduction Fact Special is a theme-based issue of The gas business has changed drastically in the last two years. Global gas markets have evolved Fact, Deloitte's corporate magazine. from a sellers’ market, driven by tight supply and demand, to a buyers’ market, with demand easing as new supply comes on stream. Weak economic conditions have adversely affected Contact: gas demand, especially in Europe, which has witnessed lower consumption in the industry Deloitte and power generation sectors. In a market with increased flexibility and tradability, the market attn. Walter Wijnhoven players face a challenging time. With the US becoming self-sufficient and China and Europe P.O. Box 2031 looking to step up their unconventional gas exploration and production,, the supply of natural 3000 CA Rotterdam gas is growing faster than demand, leading to oversupply. The oversupply will keep natural gas The Netherlands prices low and hold up investments in new production facilities that may be critical later. These
[email protected] developments leave long-term fixed-price contracts exposed to increasing price volatility. In Jeroen van der Veer Noé van Hulst Dick de Jong Jos de Groot addition, coal - because of its low costs – continues to be the commodity of choice for power It’s essential to Security of supply is Governments Our country 4 8 14 17 Editorial board: generation in the US, China and India, making it a competitor for natural gas.