Gas
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.
Partly due to the Ukraine war, Greece has became a net exporter of power to North Macedonia, Bulgaria, Albania and Italy, pushing up domestic gas demand.
The CEO of NextEra Energy said that gas turbines have a multi-year backlog, leading to soaring costs for new gas-fired power plants. Renewables “are cheaper and available right now.”
Some oil and gas executives took a victory lap following a shift in the U.S. and Europe away from climate action. But volatile decision making in Washington, and market gyrations, cast a shadow over conference proceedings.
Australia faces gas supply shortfalls despite gas playing a critical role in the country’s energy transition, a new report says.
Major tech companies are investing billions of dollars in new data centres to power AI, which could result in rising demand for gas. Critics warn this could raise costs for customers and threaten climate targets.
Argentina needs capital and off-take deals to fulfil its gas export ambitions at a time of global volatility and looming oversupply.
Changes are underway in Asia that could see the region increase its cloud computing, data centre and AI footprint. However, at the end of the day, just how to power this digital trajectory could lead to more gas usage and in tandem, new environmental pushback.
At Gastech, industry representatives said overhauling permitting procedures would make it easier to build gas and LNG projects. With Congress taking up legislation, the gas industry senses an opportunity.
A new Natural Resource Governance Institute (NRGI) report highlights Senegal’s ambiguous renewable energy strategy and urges a clearer balance between ambitious gas-to-power projects and sustainable energy goals.
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.
Despite calls for Nigeria to move away from fossils fuels on its path to net zero, the country’s power minister has called for increased Nigerian gas investment to unlock power sector potential.
The group CEO of the Nigerian National Petroleum Company, Mele Kyari, has reinstated Nigeria’s commitment to deepening domestic gas use.
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.