Canadian gas

Canadian LNG project inks 20-year deal with Shell

A Canadian LNG project in northern British Columbia has agreed to a 20-year purchase agreement with Shell.

appalachian gas

Appalachian gas growth comes to an end – study

The U.S. region powered the shale gas boom for over a decade. But pipeline constraints mean that production growth of Appalachian gas is stalling out.

us gas

U.S. gas surplus keeps prices down

Drilling activity has slowed with ample levels of U.S. gas sitting in storage.

u.s. lng exports

Higher U.S. LNG exports drive up prices

A forecast by the EIA shows U.S. LNG exports rising in the years to come. The more gas that is exported, the higher domestic prices rise.

Russian gas

Russian gas to Europe may continue post-2030: Eurogas

Europe will likely continue to receive Russian gas in some form in the coming years, conference delegates heard.

LNG suppliers

LNG suppliers look to Europe as it faces gas dilemma: execs

Europe needs to make up its mind on whether it wants to be an “opportunistic” short-term buyer from LNG suppliers or whether it wants to provide long-term signals to investors, energy executives said.

Renewables

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Renewable energy

Surging renewable energy gives world “real chance” of hitting 2030 targets

Renewable energy expanded by 50 percent last year, and explosive growth is expected to continue this decade, according to the IEA. The switch to renewables is still not happening fast enough, but the tripling of capacity by 2030 is possible.

CCS

Widespread CCS use would cost trillions of dollars: study

A new study finds that adopting CCS across many polluting sectors would cost $30 trillion more than a low-CCS scenario. Experts say the fossil fuel industry’s preferred solution would be “highly economically damaging.”

IEA report

Renewable additions to post record 2023 increase: IEA report

Renewable energy capacity additions are set to increase by a record 107 GW year on year to reach 440 GW globally in 2023, an IEA report said.

Europe can replace Russian gas

By 2030 U.S. could reach 90% clean energy: NREL

The U.S. this decade will see the ascent of clean energy: NREL.

Energy Transition

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Renewable energy

Surging renewable energy gives world “real chance” of hitting 2030 targets

Renewable energy expanded by 50 percent last year, and explosive growth is expected to continue this decade, according to the IEA. The switch to renewables is still not happening fast enough, but the tripling of capacity by 2030 is possible.

COP28

COP28: “Countries must remove obstacles” – U.N. exec

U.N. Executive Secretary Simon Stiell urged countries to remove obstacles in the COP28 negotiations or “risk ruining the outcome for everyone.”

COP28

Protests at COP28 demand an end to LNG support

Climate activists at COP28 are calling for a phasing out of fossil fuels such as LNG and for them to be replaced them with renewable sources such as wind and solar energy.

COP28

800 leaders to COP28 president: “Later is too late”

In a letter to COP28 President Sultan Al Jaber, they called for an “orderly phase out of all fossil fuels in a just & equitable way, in line with a 1.5C trajectory.”

COP28

COP28: Spain, Kenya and Samoa join Beyond Oil and Gas Alliance

Spain joined the alliance against gas and oil that it rejected two years ago. Kenya and Samoa also joined, it was announced at COP28.

COP28

COP28 day two: what is the ‘Building Block’ project?

Negotiators have begun to address one of the most important tasks of COP28, the global stocktake assessment process.

IEA report

Renewable additions to post record 2023 increase: IEA report

Renewable energy capacity additions are set to increase by a record 107 GW year on year to reach 440 GW globally in 2023, an IEA report said.

Climate

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U.S. LNG

Biden steps up scrutiny of U.S. LNG, new projects risk delay

According to The New York Times, the Biden administration is set to announce a major review of how it permits new U.S. LNG projects, potentially delaying more than a dozen proposed facilities for a year or more.

Shell

Activist shareholders target Shell

A group of 27 investors, including Europe’s largest asset manager, have filed a shareholder resolution that calls on Shell to align its operations with the Paris Climate agreement.

Group of Democrats call on Biden to scrutinize LNG exports

In a letter to the U.S. Department of Energy, dozens of members of Congress criticized the agency’s approval of so many new LNG projects. They called for more rigorous scrutiny, citing negative climate and economic impacts.

net zero emissions

Govt fossil fuel production on track to blow past climate targets

Many countries have promised to cut emissions dramatically by 2030 and achieve net zero emissions by 2050. But current plans have the world on pace to produce twice as much fossil fuels by 2030 than is compatible with climate targets.