Gas
Qatar sees peak natural gas demand only in 2040
One of the world's largest exporters of liquefied natural gas (LNG), Qatar, expects global natural gas demand to peak sometime around 2040, Bloomberg reported Monday, citing a Qatar Petroleum bond prospectus it had seen. According to Qatar's state giant, …
Pieridae Energy to decide on LNG facility this week
A project in Nova Scotia remains a bright light among Canada's battered LNG hopes. Pieridae Energy Ltd. Calgary \\\[PEA-TSX\\\] is expected to make a final investment decision before June 30 for its $ 10 billion liquefied natural gas (LNG) facility in …
Russia oil reserves to last until at least 2080
Russia's oil reserves will reach 2080 at the current rate of annual production, the Minister of Natural Resources, Alexander Kozlov, said this week in an interview with Russian news agency RBC. Russia also has natural gas reserves for another 103 years of …
LNG from Asia is at a 4-months high
Asian liquefied natural gas (LNG) spot prices rose to a nearly four-month high this week as cargoes were pulled in Europe amid firm demand for inventory replenishment and power generation in the summer, trade sources said Friday. The average price of LNG for a …
NGO asks Asian Development Bank to withdraw from fossil fuels
A group of nongovernmental organizations called on the Asian Development Bank (ADB) on Monday to end lending to the fossil fuel sector as the international lender holds its annual meeting this week with a focus on a green economy. The ADB, which funds …
Suez canal blockage without impact on LNG markets
On the morning of March 23rd, the world was shaken by the unfortunate news that the Suez Canal was blocked. At 7:40 a.m. local time, the Ever Given ran aground when strong winds took her off course. The importance of the Suez Canal for worldwide shipping can …
Demand for Natural Gas to continue growing
The narrative "bridge fuel" for natural gas is replaced. However, the demand for natural gas is not that easy to replace. Natural gas - hailed just a few years ago as the fuel that will bridge the fossil fuel and renewable energy era - is now the target of …
Iran announcing completion of its South Pars Gas Field
The net present value of Iran's vast South Pars natural gas field has jumped from an estimated $ 116 billion at the time of last year to now $ 135 billion, according to a senior oil and gas industry source working closely with the Iranian Ministry of …
Oman is shifting its focus towards natural gas
Oman mastered all the countless challenges of 2020 with considerable flair, even if the year began with the untimely demise of Sultan Qaboos, then came the coronavirus pandemic and the renewed OPEC + production cuts, which had the double effect of lower prices …
Bidens Plans could mean the end for Natural Gas in the US
While Joe Biden was busy talking from both sides of his mouth about what position he would take if he were chosen to fracking, another revelation has surfaced: Regardless of his position on fracking, his $ 2 trillion plan could go for clean energy for natural …