Gas

Low natural gas prices, hotter summer weather, and new generation capacity sent U.S. natural gas-fired power generation to a new all-time high this summer, on some days of which gas-fired electricity made up nearly half of total power output. This summer’s record-high was hit on August 2, when America’s natural …

China, the world’s largest LNG importer, is set to keep the number-one spot this year and next and be an increasingly influential force on the global market as its natural gas storage is nearing capacity ahead of the winter. China has spent years stockpiling gas, especially with high import volumes …

The International Energy Agency (IEA) warned that rising global gas consumption and geopolitical tensions may complicate supply as countries approach winter, the German news agency dpa reported. According to the agency’s latest report, industrial demand, particularly from Asia, is driving a significant increase in gas usage. The agency projected global …

Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni’s director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday. “We already deal with Japanese buyers on a short-term basis and we …

Global gas demand is projected to rise by more than 2.5 per cent in 2024, with a similar growth expected in 2025, according to the latest edition of the International Energy Agency (IEA’s) annual Global Gas Security Review. Natural gas reserves in Africa totaled over 17.89 trillion standard cubic meters …

Twenty-two Japanese utilities and trading houses are joining an initiative that aims to leverage their buying power to curb methane emissions from liquefied natural gas supply chains, as pressure mounts globally to curb the harmful greenhouse gas. Companies joining the Coalition for LNG Emission Abatement Toward Net Zero initiative include …

Petroleum giant Petrobras announced Thursday the discovery of natural gas deposits in Colombia that could double the South American country’s known reserves even as it seeks to transition away from hydrocarbons. But it also coincides with a government drive to stop extracting fossil fuels as it transitions to a low-carbon …

Kazakhstan is negotiating an increase in natural gas exports to China including via a new pipeline, Bloomberg has reported, noting this would put Kazakhstan in a competition with Turkmenistan and Russia. “Despite reports of an economic slowdown in China, the demand for gas continues to grow,” Sanzhar Zharkeshov, chief executive …

Japan’s liquefied natural gas buyers — among the world’s biggest — are struggling to ensure supply contracts are flexible enough, and need the government to help negotiate better terms, according to the head of an industry lobby group. So-called destination clauses that limit the on-selling of shipments make it harder …

India will not buy liquefied natural gas from the sanctioned Russian project Arctic LNG 2, India’s Oil Secretary Pankaj Jain said on Friday. “We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity. Something which has broad-based sanctions, we are not touching it,” the …