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Gas executives have begun to voice concerns that the Hormuz crisis has Asian economies turning away from LNG. Costs for new LNG projects are also on the rise.
Tunisia is to host a 130 MW solar plant funded by Japan’s Joint Crediting Mechanism, boosting renewables capacity, easing energy deficits, and advancing efforts to cut emissions and reduce reliance on imported hydrocarbons.
The “largest energy security crisis the world has ever faced” could push countries to prioritise energy diversification and resilience, the IEA said. That could result in countries turning away from gas.
Ugandan activists and farmers have filed a final legal challenge in London to halt the nearly-completed East African Crude Oil Pipeline, escalating global scrutiny over the controversial fossil fuel mega-project.
The U.S. is pressuring Europe into weakening or scrapping its landmark Methane Regulation on imported gas. But the U.S. government’s arguments, which echo the gas industry’s, are “overstated,” according to a leading expert.
The new Hungarian government will have to rethink the country's energy policy in order to reduce the country’s heavy exposure to Russian gas while at the same time keeping energy prices in check for households and industry.
Analysis
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Accelerated clean energy deployment could displace the equivalent of all Strait of Hormuz flows over the next few years and is the most durable route to economic resilience and energy security, a new report argues.
The stalemate in the Strait of Hormuz is forcing a re-think of LNG-to-power projects in Southeast Asia, particularly in Vietnam and the Philippines, threatening to break the “gas bridge” narrative.
A new IRENA report finds that 24/7 “firm” clean energy is cheaper than coal and gas in many parts of the world. The Iran war may catalyze faster adoption.
Bangladesh has planned for more LNG import infrastructure despite its growing price volatility in international markets amid persistent Middle East tensions.
News
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A source close to Qatar’s North Field Expansion said that the project could be delayed much longer than the one year indicated by the country’s energy minister last week.
The Iran war and the chaos it has inflicted on global energy stability, supply and pricing are a stark reminder of Europe’s risky gas reliance, analysts have warned.
The U.S. Supreme Court shot down Trump’s use of tariffs. What does that mean for the LNG trade?
The CEO of UAE-based Masdar told conference delegates in London that the firm is targeting a 100 GW renewable energy portfolio by 2030.
Shell CEO Wael Sawan said that abundance of gas will instead likely create new pockets of demand in price sensitive markets.
Energy Transfer has suspended its Lake Charles LNG project and is reallocating capital to higher return gas pipeline projects. The suspension indicates increasing industry concerns about LNG oversupply and poor returns.
Opinion
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As regulatory scrutiny and operational costs continue to rise in the oil and gas sector, many operators are adopting predictive corrosion monitoring, writes Dauren Kazimbek from SMARTCORR.
Gas detection remains central to the energy industry’s future, not a relic of its past, says Jodi Downing, a director at R.C. Systems.
Inefficiencies in compressed air systems result in significant, avoidable emissions, writes Jeffry Kahn, President of CAM Technologies.
Long Reads
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Once-fertile farmlands of the Niger Delta, that have supported families for decades, have turned barren due to oil pollution, say locals.
Shell’s decision to end nearly nine decades of operations in the Niger Delta has sparked concern over accountability for environmental damage in Nigeria.
Big LNG plans on Mexico's Pacific Coast could make it the fourth-largest exporter but would worsen climate change and damage one of the world’s most biologically diverse marine environments.
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