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From oil and gas prices to the renewables debate, Chairman of BG Group Andrew Gould talks to Sylvia Pfeifer, former special correspondent at the FT, about his view of the current E&P market.
ndrew Gould was appointed BG Group Chairman in May 2012 at a time when the British oil and gas giant was engaged in a colossal LNG project in Australia and, as
the non-operating partner of Petrobras, was in the middle of a gargantuan expenditure programme. With potential projects on the horizon on the US Gulf Coast, and in western Canada and Tanzania, BG Group will spend 2014 building its future LNG portfolio pipeline.
“I think oil prices will remain stable or go down slightly, depending very much on what happens in the economy. I’m not a believer that the US gas price is going to drive world gas prices, because the current US gas price is constrained by the fact that it is a closed market. As it begins to become an export market, prices won’t grow to the Far Eastern Asian price, but they will undoubtedly rise”.
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