A poll of business executives in 18 countries reveal overwhelming majorities support a shift to electrification as a means to guard against fossil fuel volatility. But executives also say public policy is not keeping up.
California has expanded solar capacity for years. But the recent scaling up of battery storage is forcing more gas off the grid.
The U.S. Supreme Court shot down Trump’s use of tariffs. What does that mean for the LNG trade?
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.
Gas
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Top leaders in the global gas industry gathered at Gastech described renewables as unreliable, and said that gas production and consumption would grow for several decades. But there were also some warnings from insiders that the industry’s confidence may be misplaced.
Gas Outlook will be reporting from Gastech, one of the largest global gatherings of the oil and gas industry, in Houston next week, at a time when the fate of the U.S. LNG sector is unclear.
Venture Global’s CP2 project, an enormous LNG project in southwest Louisiana, obtained a construction authorisation from federal regulators. But it will remain sidelined until Biden’s LNG “pause” is completed.
The UAE’s Adnoc took a stake in Rio Grande LNG, a controversial gas export project currently under construction on Texas’ southern coast. Saudi Aramco is also reportedly considering an investment.
A new report finds that global financial institutions have continued to invest in oil, gas, and coal at elevated levels since the Paris Agreement, despite calls to accelerate the energy transition.
U.S. gas prices have crashed as a result of an unusually warm winter. Government data expects conditions of oversupply to continue through next year.
Renewables
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The U.S. this decade will see the ascent of clean energy: NREL.
Climate
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A new satellite, just launched into space by Carbon Mapper, can even detect methane leaks at specific pieces of equipment. Experts say it will bolster methane monitoring and may accelerate climate action.
The Supreme Court decision severely curtails the ability of federal agencies to regulate in areas of public health and the environment. Experts said the decision could ‘paralyse’ the ability to govern.
A new report commissioned by the Brazilian G20 presidency finds that a minimum ‘billionaire tax’ on the world’s wealthiest individuals could generate $250 billion annually.
California amended a lawsuit it filed against five western oil majors last year, hoping to seize “ill-gotten” gains from climate deception and cover-up.