Gas politics are centre-stage in Russia’s Ukrainian power play and the LNG market is likely to emerge as a prime beneficiary. [Gas in Transition, Volume 2, Issue 2]
LNG Key to Net-Zero Carbon World : Shell
Feb 25, 2021 10:55:am
Summary As more countries sign up to the lower carbon future, coal and oil will give way to gas in power and transport sectors.
by: William Powell
More than half of future LNG demand will come from countries with net-zero emissions targets, according to estimates used by Anglo-Dutch major Shell. Last year, Japan and South Korea announced net-zero emissions targets, while the European Union also aims to cut its net em.
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The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and the