Supply and demand
Pakistan, which has grappled with significant gas supply issues for years, has set a goal that renewable energy make up 58% of its electricity production by 2030.
Poland’s Gdańsk LNG — the country’s second LNG import terminal — looks on track for completion in 2028, but opinions are divided as to what extent it is needed in the long-term as Polish gas demand is expected to peak in around 2030.
Recent research indicates that LNG has a worse climate impact than coal, due to high methane emissions across the supply chain, so more U.S LNG in Asia represents a climate risk.
Trump’s re-election could mean more U.S. LNG exports being sent to Europe, even though EU gas demand is already in decline.
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.