Supply and demand
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.
Attendees at Gastech agreed that gas will play a vital role in the energy transition. But uncertainty over the pace of demand was palpable. The future of LNG demand is highly uncertain, and the rapid uptake of renewable energy and battery storage around the world has raised some doubts about bullish forecasts for LNG.
Gas consumption in the EU is set to decline by more than 70 percent through mid-century. A new paper argues that governments need to minimise investment in gas infrastructure and plan for decommissioning.
Forecasts for even more record China LNG demand growth were seemingly a given among most analysts. However, new analysis shows a different scenario unfolding.
Indian gas consumption has catapulted to its highest-ever level and is projected to increase by over 7% this year.
With gas demand in Europe in long-term decline, the EU has access to sufficient supplies in both the short and long-term. That means that contracts for additional LNG are not needed, and only increase stranded asset risk.
The government said the new Australian gas strategy was needed to help fuel domestic energy supply on its way to a target of 82 percent renewable energy by 2030, and eventually reaching net zero emissions by 2050.
At an energy conference in Vancouver, industry leaders agonised over the slow progress in building Canadian LNG export terminals.
Oman LNG has made headlines in recent weeks with a string of new LNG contracts, but more are still expected, a manager at the firm told Gas Outlook in an exclusive interview.
Japanese utilities are increasingly focused on marketing and reselling LNG overseas, new research shows, creating more competition in the global LNG market.
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.
Future imports from Venezuela align with the Colombian government’s strategy, the chief executive of Ecopetrol told conference delegates.
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.
Last year the Bangladeshi government already raised gas tariffs for power plants by 178.88% cent to Tk 14 per cubic meter.
A new report warns that the continent is investing far too much in LNG import terminals that will go under-utilised as gas demand continues to decline.