Gas and Liquefied Natural Gas (LNG)
Natural gas and LNG remain at the heart of the global energy – both in meeting security of supply and energy transition needs. As a key energy transition fuel, it will have a sustained, albeit changing role across the world.
Escalating conflict in the Middle East is creating acute uncertainty across global gas markets, with disruptions to LNG supply routes driving sharp price volatility. While market conditions continue to evolve rapidly, our experts have analysed the immediate and potential longer‑term impacts on gas pricing, LNG availability and wider energy markets. Drawing on scenario‑based modelling and real‑time market signals, this analysis outlines what different pathways could mean for prices and supply security. Read our latest expert briefing for detailed insights.
Against this backdrop, the natural gas market has never been more in focus, sitting at the centre of an energy industry challenged to balance security of supply with affordability and sustainability. The European gas crisis has driven unprecedented investment across the continent, with global ramifications on both supply and demand. New supply projects are needed to address Europe’s shortfall, while the fundamentals underpinning demand growth in Asia remain strong.
Concurrently, the global market continues to evolve with greater transparency and liquidity supporting an ever-more global industry.
Meanwhile, the global movement towards Net Zero continues to play out. Gas is expected to play a significant role, particularly in Asian markets and will interplay with growth technologies and energy vectors such as hydrogen and Carbon Capture and Storage (CCS).
The financing landscape for new gas infrastructure is evolving too, with financial institutions increasingly seeking to have Net Zero compliant investment approaches. Gas has a role to play in energy transition but faces an uncertain financing landscape.
Suppliers, traders, buyers and consumers must adapt to this evolving landscape, and government, regulators and financiers will also need to adjust their approaches. Baringa works with clients across the gas and LNG value chain globally to capture these opportunities and overcome corresponding challenges.
Webinar
The global gas market: What is the mid-term gas price risk?
Global gas markets are entering a new phase of uncertainty as a near 60% expansion in LNG supply capacity comes to market over the next five years. While this wave of supply is expected to place sustained downward pressure on prices, the outlook is complicated by significant uncertainties across both supply and demand, from new LNG supply profile and US gas pricing to the ability of price-sensitive markets to absorb additional volumes.
For power market participants, this directly feeds through to wholesale power prices. For LNG players, the combination of supply growth and price decline raises the risk of prolonged margin compression for long portfolios and increases the importance of timing, optionality, and market access. For gas consumers it affects contracting strategies and hedging.
Watch this webinar for:
1. Context & Recent Volatility
2. LNG Supply Outlook
3. Supply Scenarios & Middle East Disruption
4. Demand Outlook & Sensitivities
5. Price Dynamics
6. Strategic Implications
Our Offerings
Business strategy advisory
We support our clients in identifying, defining and achieving their desired business objectives. Baringa’s Business Strategy and Advisory helps gas and LNG companies to discover, understand and engage in financial, commercial and operational aspects of the gas value chain.
Market fundamentals analysis
By deploying our global gas model, Baringa helps clients to gather the insightful information they need to make rational financial as well as operational decisions and enable them to take a long-term view of the global gas and LNG market.
Gas Market Report Service
Subscribe to the Gas market service for market reports, accompanying databooks of bankable projections and insights to understand the implications of the gas market for your business.
Transaction advisory
Baringa supports our clients—be they project sponsors, lenders or equity investors—in fully understanding the risks and opportunities associated with potential investments along the gas and LNG value chain.
Project and asset development support
Baringa has significant experience working with clients across all phases of development. This is applicable to all stages of the gas and LNG value chain, from early planning and definition, to the construction phase, through to incremental improvements. Our experience of developing teams, tools and systems means we can effectively support our clients in preparing for commercial and physical operations.
Infrastructure and networks
Baringa helps advise on policy and regulation around development and use of natural gas infrastructure and networks. As well as helping policy makers to design this regulation, we support project developers and customers in developing models for capacity utilisation. We promote a better understanding of the rules of access, and of the factors impacting how infrastructure is utilised.
Trading strategy and capability
The evolution of the gas and LNG market means organisations must place ever more emphasis on running effective trading operations. Baringa works with leading gas and LNG companies to deliver best-in-class trading and risk management capabilities. We create cost-effective trading operations with increased customer focus and overcome multi-geography operations challenges.
Portfolio optimisation
As global gas and LNG markets liberalise and converge, traditional arbitrage margins will constrict, and profitability will be driven by optimisation and the efficient management of portfolios. We help companies to navigate the complexities of evolving market conditions and enable them to extract optimal value from their investments and portfolios through a clear understanding of where and how optimisation can be achieved, and the ways and means of delivering it across all operational aspects of the gas and LNG value chain.
Technology transformation
Baringa helps gas and LNG companies to implement technology to enable and support commercial and physical operations. Baringa uses its industry expertise to help harness the right data, systems and infrastructure to improve profitability, increase agility, reduce costs and meet regulatory demands.
Data science and analytics
Baringa helps gas and LNG firms to organise and control data as well as to turn data into insight. In doing so we help companies to establish new capabilities and build and deliver data-powered solutions into production.
Our Insights and Impact
Winter European gas outlook 2025/26
Explore our Winter European Gas Outlook 2025/26—market projections, demand recovery, and LNG-driven price risks across multiple scenarios.
Read more
Europe’s gas consumers in the driving seat
How gas and LNG buyers can capture value and build resilience in a fast‑evolving LNG market, balancing risk, optimising portfolios and responding to shifting global dynamics.
Read more
Setting up an LNG trading business from scratch in just seven months
How do you put in place the foundations needed to underpin a new business at speed?
Read more
Gas market outlook 2025/26
Natural gas markets remain dynamic and resilient. Recent years highlight its enduring role in the energy mix, with transition headwinds strengthening a bullish long‑term outlook.
Read moreMeet the experts
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