Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year by 2035. “The program is based on a comprehensive approach, aimed at diversification of gas supply sources and first of …
Read More »Switch to LNG Threatens Renewable Energy Development in Asia
A concerted effort by the US gas industry to push LNG on to developing Asian nations is jeopardizing renewable-energy investment across the continent. General Electric (GE) has been working to persuade Bangladesh to buy its LNG power technology. And Vietnam’s new draft long-term energy plan’s increased focus on liquefied natural …
Read More »European Natural Gas Is a Long Way from Tackling Methane Leaks
Most of Europe’s natural gas industry has announced an ambition to become climate neutral by mid-century at the latest. But a study shows how difficult it will be to turn the goals into reality. A survey of companies revealed none could definitively measure their methane emissions, relying instead on estimates, …
Read More »Qatar tightens Global Gas Market Grip with Bold Expansion Moves
Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming decade and potentially push prices down further. As competitors struggle to break even due to lower prices, the Qatari firm last …
Read More »EIA: US Weekly LNG Exports Rise, Henry Hub Drops
In the latest Short-Term Energy Outlook for the week of 4 March to 10 March 2021, EIA reveals the Henry Hub spot price fell from $2.84 per million British thermal units (MMBtu) last Wednesday to $2.60/MMBtu this Wednesday. Natural gas spot prices fell at most locations in this time frame. …
Read More »Poland Admits Nord Stream 2 Will Likely Be Finished as US Vows to Continue Pressure on Pipeline
Poland along with several other European nations and the US has long been opposed to the project. The latter claims the pipeline would be “divisive” for Europe and suggested they buy liquified natural gas from America or elsewhere. All things indicate that the Nord Stream 2 pipeline will be completed …
Read More »Abu Dhabi’s ADNOC and Petronas to Collaborate on Big Energy Projects
The Abu Dhabi National Oil Company (ADNOC) plans to collaborate with Malaysian oil and gas company Petronas. Under the deal the pair will jointly explore opportunities to collaborate in the production of conventional and unconventional hydrocarbon resources in Abu Dhabi, ADNOC said in a statement carried by WAM, the official …
Read More »Japanese Companies Form Buyers’ Group to Promote Carbon Neutral LNG
Fifteen Japanese companies across different sectors have launched a group called the Carbon Neutral LNG Buyers Alliance to promote the use of the fuel, power utility and LNG importer Tokyo Gas said in a statement March 9. The group comprises several downstream industries that consume natural gas, and is the …
Read More »Gazprom Makes First Delivery of Carbon-Neutral LNG to Europe
Russian energy giant Gazprom said on Monday it had delivered its first carbon-neutral shipment of liquefied natural gas (LNG) to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting emissions resulting from its production and transport, had been delivered to Royal Dutch …
Read More »Russia’s Gazprom Aims to Double Liquefied Natural Gas Exports by 2025
Russian energy giant Gazprom said it exported 7 million tons of liquefied natural gas (LNG) in 2020, and is planning to double annual sales by 2025, Pavel Sedov, the head of LNG exports at Gazprom Export, said. Sedov added that Gazprom is still a rather small LNG enterprise, but the …
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