国际天然气联盟-2025年天然气批发价格调查(英)-2025_42页_7mb
报告摘要
Wholesale Gas Price Survey 2025: Global Price Formation Analysis
Key Findings Overview
- Gas-onGas (GOG) Dominance: GOG increased from 31% in 2005 to 49% in 2024, while Oil Price Escalation (OPE) fell to 18.5%.
- Regional Shifts: Europe shifted predominantly to GOG (~82% in 2024). Asia remains dominated by OPE, though some reforms are seen.
Price Trends
- Global Average: Fell to $4.88/MMBtu in 2024 from a peak of $9.45 in 2022.
- Convergence: Global prices became more uniform post-2015, except for sharp divergences in 2021-2022.
Notable Changes by Category
- LNG Imports: GOG share rose sharply to ~50% in 2024, driven by spot market growth.
- Regulation: Regulated categories fell overall (~38% in 2024 vs ~40% in 2005).
Price Formation Mechanisms
| Category | % in 2024 | Notes |
|---|---|---|
| GOG | ~49% | Dominant mechanism globally |
| OPE | ~18.5% | Principal in Asian markets |
| Regulated | ~28.5% | Highest in SSA/WN (e.g., Russia) |
Geopolitical Impact
- Pandemic (2020) caused significant price declines, while Russia-Ukraine conflict (2022+) increased volatility.
*Summary compiled from IGU Wholesale Gas Price Survey data analysis and Appendices 1-3.
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