Please join us for a Reuters NEXT Newsmaker featuring Gas Exporting Countries Forum Secretary General Dr. Philip Mshelbila
The GECF represents a dozen of the world’s leading gas-producing nations, accounting for roughly 70% of global proven natural gas reserves, at a moment of profound disruption. The ongoing conflict in the Middle East is driving extreme volatility in gas and LNG flows, raising questions about long-term demand, and reshaping trade patterns across Europe and Asia.
Mshelbila has warned that the current wave of demand destruction - driven by fuel switching, energy conservation measures and accelerated renewable deployment - could become structural if the conflict persists, altering the trajectory of global gas markets. He has also highlighted how supply disruptions and shipping constraints are delaying projects, tightening markets, and creating clear winners and losers.
Reuters U.S. Energy Correspondent Scott DiSavino speaks with Mshelbila about whether this is a temporary shock or a structural reset, how long disruptions could last, and what it means for investment, competition and market share.