global LNG

Japan’s falling gas demand creates shift in global LNG markets

Japanese utilities are increasingly focused on marketing and reselling LNG overseas, new research shows, creating more competition in the global LNG market.

energy systems

Polycrises indicate urgent need to rethink global energy systems: analysts

Last year’s COP28 provided an important framework for discussing a new energy systems order where fossil fuels would be less central, one analyst said.

Arpel

Arpel-Naturgas Week: Colombia pivots to Venezuelan gas despite offshore bounty

An announcement this week at the Arpel-Naturgas conference in Cartagena suggests that the administration of Colombian President Gustavo Petro is putting more emphasis on Venezuelan gas than domestic alternatives.

South China Sea

China thwarts Vietnam’s gas production targets in South China Sea

Beijing’s actions in the South China Sea could derail Vietnam’s national energy plan, which aims to more than double electricity generation capacity.

energy shortages

South Africa turns to gas to ease energy shortages

Several natural gas projects are under development in South Africa as the country seeks to ease energy shortages and reduce its dependence on coal, but there are calls for more renewables to be added to the energy mix.

LNG export

LNG export expansion in British Columbia “not a slam dunk”

A major buildout of LNG export terminals on Canada’s Pacific Coast rests on assumptions of long-term demand growth in Asia. But those forecasts are highly uncertain, two different reports warn.

Bangladesh gas

Bangladesh gas tariff hike hits power plants, consumers

Last year the Bangladeshi government already raised gas tariffs for power plants by 178.88% cent to Tk 14 per cubic meter.

US LNG

Persian Gulf States may invest in U.S. LNG

Analysts say that potential investments from Saudi Aramco and ADNOC in U.S. LNG could propel projects forward. Meanwhile, in Houston, gas executives voiced confidence in the trajectory of their industry at CERAWeek.

energy charter treaty

UK leaves Energy Charter Treaty but risk of litigation remains

The UK government said in February that the country will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, joining nine EU Member States including France, Spain and the Netherlands.

Methane emissions from oil and gas 3x higher than official estimates: new study

Researchers recorded nearly 1 million measurements across major U.S. oil and gas production sites, and found methane emissions far higher than U.S. EPA data suggests.

Gulf of Thailand oil and gas exploration faces stubborn hurdles

Thailand and Cambodia are discussing joint Gulf of Thailand oil and gas exploration, but territorial disputes still pose a challenge.

U.S. gas prices drop to multi-decade lows, forcing drilling rein-in

U.S. gas prices plunged below $2/MMBtu this winter, largely because of warm weather. Gas companies unable to turn a profit are slashing drilling plans.

Iran gas

Middle East tensions rise after Iran gas pipelines burst

The Iran gas pipeline attacks point to escalating tensions in the region.

Nigeria

IOCs must follow due process to divest in Nigeria: regulator

At the Nigeria International Energy Summit, the country’s upstream regulator stressed the need for due process during IOCs' divestment in Nigeria amid Shell's sale.

Gas crisis

Bangladesh gas crisis worsens as FSRUs cease operations

LNG dependence has exposed the dark side of Bangladesh’s energy security over the past several months, in a country experiencing a severe gas crisis.