China has made progress on gas pricing reforms, with a linkage between upstream costs and end-user tariffs finally in place, but certain players along the gas value chain are reaping the benefits more than others. [Gas in Transition, Volume 3, Issue 11]
With European gas policies discouraging long-term contacts, unless changed, Qatar LNG will be shunning Europe, opting for Asian clients who are more willing to enter into such contracts. [Gas in Transition, Volume 3, Issue 6]
With no end in sight of the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. Last year’s energy challenges could be repeated next winter and probably the next. Europe is not out of the woods yet. As EU energy commissioner Kadri Simson said, Europe has come a long way, but it still has a tough job ahead of it. [Gas in Transition, Volume 3, Issue 4]
Demand is not waning. On the contrary, fossil fuel consumption is soaring with no signs of slowing down in the foreseeable future. Oil demand increased last year and will increase again this year. In the meanwhile, renewable uptake is increasing fast but not fast-enough to meet increasing energy demand, especially in populous nations like China and India. [Gas in Transition, Volume 3, Issue 4]
Europe is accelerating transition away from fossil fuels, but is it based on sound modelling and data? Doing so without a safety net, such as natural gas, could prove to be a folly, with the risk of eventually plunging the EU into another energy crisis. [Gas in Transition, Volume 3, Issue 3]