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Uncertainty afflicts International Gas Summit participants

11/10/2008
Uncertainty was the hallmark of the 13th International Gas Summit in Paris Oct. 22-23, reflecting the current world financial turmoil and looming economic slowdown. Speakers felt unable to predict short or medium-term natural gas developments and were more at ease with long-term projections.Summit Pres. Nordine Ait-Laoussine, president of Geneva-based consulting group Nalcosa, set the tone in his introductory remarks: “We are all apprehensive of the potential consequences of the ongoing global turmoil for the natural gas industry…we do not know the answers to some critical questions:‘How deep will the recession be?’‘How long will it last?’‘Will this tur...
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