Nexant Releases WGAS for Fuel Forecasting

By CIOReview | Tuesday, February 23, 2016

SAN FRANCISCO, CA: Nexant has announced its latest subscription advisory service called the World Gas Analytics Service (WGAS). It supplies data and insights in the oil and gas, petrochemical, polymers and renewable energy industries.

Nexant is a consulting and service provider that delivers energy solutions worldwide. Through WGAS, Nexant provides forecasts on natural gas prices, for both the global market and individual countries. Specializing in Energy and Chemicals advisory, its services include forecasts for the scenario and region specified. Their World Gas model simulates how interactions between supply availability and costs, transportation and LNG capacity and long term gas contracts- interacts to produce gas supply demand balances. The data is supported by PowerPoint presentations which draw out key trends and issues behind the data.

"The World Gas Analytics Service builds on Nexant's expertise and experience in providing consultancy services and analytical tools for the natural gas and LNG markets," says Mike Fulwood, Global leader for Natural Gas Market Analysis, NexantThinking. "The forecasts in WGAS are generated by our highly-regarded and proven World Gas Model, which is used under license by the world's leading energy companies, governments and think tanks to provide insights into how the gas market may develop in the face of great uncertainty."

Nexant provides comprehensive analysis and planning tools to support decision making in marketing, economics and technology. Subscribers will be able to use WGAS outputs to assess the impact of uncertainties facing the world gas market.  The service is based around three scenarios designed to capture a range of possible outcomes facing the industry. The first one is Base case, it’s the default scenario which the software considers while forecasting. Apart from the Base case, there are two alternative scenarios that are taken into consideration. Subscriptions are available on an annual basis and subscribers receive the Base Case four times a year, updated each quarter for changes in assumptions, and alternative scenarios during the year.