Exploration and production
Just days before Venezuela’s presidential election on July 28th, BP signed a long-term gas deal with the Venezuelan government headed by autocrat Nicolas Maduro, locking in access to the planet-warming resource regardless of the electoral outcome.
The future of Rosebank appears even more uncertain after a landmark decision by the UK Supreme Court last month.
South Korean President Yoon Suk Yeol continues to foresee oil and gas as an integral part of the country’s energy supply future, even as environmental groups in the country push back.
Suriname is estimated to have 17 trillion cubic feet of gas reserves, which if proven would surpass those of Mexico and Brazil.
Beijing’s actions in the South China Sea could derail Vietnam’s national energy plan, which aims to more than double electricity generation capacity.
The Gulf states remain relatively insulated from the Israel Gaza war, but heightened geopolitical tensions come as governments try to attract foreign direct investment.
Bangladesh’s gas production has dropped to a decade-low level amid continuous depletion of output and lax moves to ramp up extraction.
The ongoing conflict in Gaza has led to questions over the risk to existing and new natural gas projects in the Eastern Mediterranean.
Israel’s gas market remains small, but in the decade before the war in Gaza began in October its growth was remarkable.