FGE's Pacific Gas Insiders
24th Annual
FGE's Insiders Briefings
An industry-leading annual forum for gas executives to assess options for building successful strategies for investment in LNG, pipelines, downstream natural gas, and power markets.
PGI 2025 will provide the opportunity to discuss key topics surrounding the ever-changing gas and LNG business. Major developments in new and existing markets for natural gas in Asia will be covered, particularly considering competing LNG demand from the Atlantic Basin. The impact of new LNG supplies on trade flows will also be discussed. Recent trends in LNG pricing and contract terms will be reviewed. All of this will be considered in the context of the global market as the need for LNG and energy security continues to be at the forefront of both consumers’ and governments’ priorities.
PGI 2025 will be taking place directly after LNG Supplies for Asian Markets (LNGA) 2025 in Singapore. Discounts are available to those who register for both PGI and LNGA 2025.
Key Topics Covered
- Setting the Scene—Oil & Gas/LNG Markets
- Long-Term Implications of Shifting Market Dynamics
- China’s Gas Market and LNG Imports
- LNG Supply Outlook
- LNG Shipping Market: What LNG players need to know
- Established Asian LNG Markets—Japan, Korea, and Taiwan
- Emerging Asian LNG Markets
- India’s Term LNG Procurement Picks up Steam as a Period of Surplus Approaches
- See inside for further topics covered...
Dr Fereidun Fesharaki
Chairman, FGE
Dr Fereidun Fesharaki is the Founder and Chairman of FGE. His work is well recognized worldwide for pioneering oil and gas market analysis and studies of the Asia Pacific/Middle East energy markets since the early 1980s.
He received his Ph.D. in Economics from the University of Surrey in England and then completed a Visiting Fellowship at Harvard University’s Center for Middle Eastern Studies. He joined the East-West Center in 1979 where he led the energy program as a Director and Senior Fellow till 2013.
In 1989, Dr Fesharaki was elected a member of the Council on Foreign Relations in New York. Since 1991, a member of the International Advisory Board of JX Holdings (and its predecessor companies). He was the 1993 President of the International Association for Energy Economics (IAEE).
Mr Shasha Fesharaki
Executive Vice Chairman and Managing Director, FGE USA
Shasha Fesharaki holds an MBA with an emphasis on International Business. He specializes in LNG marketing and pricing, and
is responsible for providing buyers and sellers with sourcing and placement strategies for LNG, participating as well in bi-lateral
negotiations for LNG Sales and Purchase Agreements.
In addition to having an overall view of global LNG demand and supply, he specializes in the Korean market and has extensive
experience covering the Middle East gas market. He has spoken at a number of natural gas conferences as well as authored
numerous reports and studies over the last several years with respect to the Middle East and Asia Pacific gas markets.
Dr Jeff Brown
President, FGE
Dr Jeff Brown, as President, leads FGE’s oil and gas consulting teams. He works closely with FGE consultants in Asia, Europe, the Middle East, and North America.
Jeff re-joined FGE from JP Morgan where he was Executive Director, Global Commodities Research/Strategy, working closely with clients globally. He was a regularly featured speaker at JP Morgan events and published widely on energy markets. Aside from his previous management roles with FGE, Jeff also served as Senior Oil Analyst at the International Energy Agency in Paris, where he was co-author of the monthly Oil Market Report. During this time, he developed the IEA’s short- to mid-term oil demand forecasting framework and led research examining oil/gas interfuel substitution. Before the IEA, he was a Research Fellow at the East-West Center in Honolulu where his primary emphasis was LNG Markets East of Suez. Jeff has a Ph.D. in Economics.
Ms Alexis Aik
Managing Director, Global Gas/LNG Team, FGE Singapore
Alexis Aik heads the group’s gas/LNG research and consulting practice from the Singapore office. She also manages the group’s commercial practice (Commercial Advisory Service) with a team of experienced LNG experts.
At FGE, Alexis’ research centers on the developments in the natural gas and LNG sector, including demand-supply scenarios and
pricing issues. She takes a special interest in Asian gas/LNG market dynamics and LNG contract pricing. Her past experience spans
both the natural gas/LNG and downstream oil business, where she analyzed the relationships between these two sectors—regional
focus on Southeast and Northeast Asia. Previously, Alexis also tracked Asia Pacific oil product specifications.
In addition to leading studies dealing with LNG procurement and pricing analysis, country specific natural gas and oil markets,
Middle East & Caspian Sea oil demand, and trade & pricing East of Suez, Alexis has also presented at several oil and gas briefing/
conferences in Asia, the Middle East, and the US. She has advised on the negotiations/structure of several LNG SPA and HOA deals
for several National and International Oil Companies in both Asia and Europe. Her work has been published in numerous interna-
tional publications and research journals and has also been filed in US Federal Energy Regulatory Commission (FERC) proceedings.
Alexis has a bachelor’s degree in Business Management.
Programme at a Glance
• Dr. Fesharaki shares his views on the key issues confronting the global oil and gas business.
- Highlights of 2024 contracting.
- The big debate continued through 2024 on whether the market favored buyers or sellers. What do we expect in 2025?
- What price level can we expect to see for the next long-term oil-linked deal? Has the anticipation of another new supply wave brought slopes down yet, despite the prevailing market tightness?
- We saw a boom of FIDs in recent years. Will it slow down? What are the headwinds and tailwinds for new project FIDs?
- Ongoing and upcoming price reviews – who and when? Dilemmas faced by buyers and sellers.
- Role of gas in China’s pursuit of carbon-neutrality.
- Gas-on-gas competition: How are buyers’ LNG procurement decisions affected by the domestic gas pricing environment?
- Infrastructure deregulation – What has changed during PipeChina’s five years of operation, and how have they influenced buyers’ procurement decisions?
- Shifting roles of NOCs and new buyers – What should sellers know when marketing LNG to China?
- Risked vs. Unrisked LNG Supply: Insights from our risk assessment on the upcoming supply wave.
- USGC vs. Pacific Coast: How are North American LNG project developers addressing the Panama Canal bottleneck?
- Where do we see supply growth outside of North America? How is the Middle East and Africa’s LNG expansion progressing, and which markets will contract this supply?
- The impact of tightening environmental regulations on LNG supply optimization across trading basins.
- How will the LNG shipping market impact buyers’ procurement strategies over the next five years?
- What are the prospects of spot/short-term charter rates?
- What impact will rising vessel costs have on long-term charter rates?
- Panama Canal: How will the bottleneck impact the cost of bringing US LNG to Asia?
- FLNG: Is the future of the FLNG business evolving?
- What are buyers’ current options in FSRU market: How many FSRUs will become available in the short term?
- Japan: Will Japan’s new Strategic Energy Plan, to be announced by April 2025, encourage buyers to start signing LNG term contracts? Who are dependable suppliers for Japanese buyers?
- Korea: What are the key drivers of Korea’s gas market outlook? Discussions on the new Power Plan, the evolving role of KOGAS vs private importers, and LNG pricing/commercial discussions.
- Taiwan: Role of gas in Taiwan amidst nuclear phase out and expansion of renewables as Taiwan works towards its net-zero target. Progress on Taiwan’s LNG procurement and implications of regasification bottlenecks.
- Overview of emerging Asian gas markets.
- What is the prospect for domestic gas supply in each market? What drives gas/LNG demand?
- What is the ability to pay in these markets?
- Status of planned LNG import projects in these markets and progress towards LNG procurement for new importers.
- Overview of India’s gas market.
- Upstream policies have seen limited changes. Are current policies adequate to support continued growth?
- Adequate growth is expected in India’s regasification and pipeline projects in time for the next LNG supply wave.
- Downstream policies still contradict plans to boost gas’ share in the energy mix, as they continue to favor coal and renewables. Is this a good time for long-delayed policies that address air quality concerns by supporting gas/LNG?
- An overview of Indian buyers and their roles. Indian buyers have been busy in the past few quarters. How much appetite do Indian buyers have for long-term LNG volumes?
- Projecting market dynamics and their impact on future spot LNG prices.
- Assessing US gas supply adequacy and its implications for HH prices amid rising LNG exports in 2025 and beyond.
- Softening Spot LNG Prices: Which regions will gain market share?
- How have Europe’s shifting gas usage patterns affected TTF prices? And how does this affect LNG spot prices in Asia?
- Will Russia reestablish Europe as a gas export outlet again? How will Russian gas affect the global LNG market post war?
- How will the European gas market evolve? How will natural gas compete with green energy in Europe?
- How does the European LNG market stand out globally? The impact of tightening environmental regulations on TTF prices and trading margins.
- The implications of the EU’s CBAM and a potential methane emissions penalty on trade flows. How could EU ETS prices affect this?
What You Will Learn
FGE’s Insiders Briefings have been established over 30 years. Held annually in the Middle East and Singapore, the format of these briefings allow participants to learn the key issues affecting the oil and gas markets, together with FGE’s own analysis and forecasts, through interactive discussions.
• Gain a clear understanding of the complexities that exist within the East of Suez gas/LNG markets.
• Identify key drivers shaping future developments—where are the sensitivities and uncertainties?
• Understand how the trading relationship between Asia and the Middle East is changing.
• Recognize the key role played by the East of Suez region in shaping the future evolution of global LNG trade.
• Engage with FGE’s team of regional experts.
• Network with executives from leading international companies.
