Interview: Vincent Demoury, GIIGNL [Gas in Transition]
May 24, 2021 9:27:am
Summary The annual review of LNG markets, by the importers group GIIGNL, confirms the direction of travel for LNG: more production going to more customers and on a shorter-term basis. [Gas in Transition, Volume 1, Issue 2]
by: William Powell
Scarred as it was by the COVID-19 pandemic, last year saw a much lower growth in LNG trade. The amount of LNG imported grew fractionally in 2020 from 354.7mn metric tons (mt) to 356.1mn mt, despite the shut-ins of production and the falling demand for energy, according to a new report by the France-based International Group of LNG Importers (GIIGNL).
Russia s grand LNG designs [Gas in Transition]
Apr 26, 2021 7:15:am
Summary Russia wants to grab a greater slice of the Asian LNG market, and is wary of rising competition. [Gas in Transition, Volume 1, Issue 1]
by: Joseph Murphy
Russia s government approved a long-term roadmap in March for building up its LNG export industry, setting its sights on a 20% share of the global market for the super-cooled gas by 2035. But how many of these projects are realised will depend greatly on how much support Moscow is willing and able to afford them.
The pandemic and accelerating decarbonisation efforts have led forecasters to dramatically alter their assumptions for long-term global oil demand. But the consensus is that the outlook for gas consumption remains robust, with growth driven by soaring use in Asia and in other areas.
Action to achieve Paris climate goals will upend oil and gas markets
Apr 16, 2021 10:30:am
Summary
by: Wood Mackenzie
Action to achieve Paris climate goals will upend oil and gas markets
If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.
Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “Our Accelerated Energy Transition Scenario – AET-2 – gives an indication of how energy demand, supply and pricing will change if policy and technology are rapidly deployed to cut greenhouse gas emissions in line with the Paris Agreement.