Anticipate Even Lower Natural Gas Prices in 2020

The global demand for natural gas is getting severely affected by the COVID-19 pandemic. Rystad Energy forecasts that the natural gas demand would not fall to the same extent as the demand for oil. However, the international gas prices would reach lower averages than previously expected in 2020. Continue reading

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Coronavirus Impacts the Natural Gas Market

Shell_gas_station

Shell station in Uddevalla, Sweden. Credit: PD photo

In the face of the novel coronavirus, the energy producers are facing the most significant demand shock to hit the markets in decades. The Covid-19 outbreak has already claimed thousands of casualties. Continue reading

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Can LNG-Powered Ships Help Decarbonization?

The shipping industry is constantly on a lookout for new fuels to cut down the industry’s carbon footprint. These efforts are in line with the global marine regulator, the International Maritime Organization, which is set to cut carbon emissions by half compared to the 2008 levels. Continue reading

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New Oil and Gas Reserves Discovered in USA

Pumpjack Texas

Flickr / Roy Luck / CC BY 2.0

Data from the U.S. Energy Information Administration (EIA) found that the U.S. had more drillable oil and gas reserves than previously estimated. ‘Proved’ oil and natural gas reserves are the amount that drillers can extract affordably, with the prevailing technology. Continue reading

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Russia-China Turn on Milestone Gas Pipeline in Serbia

Gas pipeline

Credit: Pixabay

The China-Russia east-route natural gas pipeline began operations recently with its official launch by Russian President, Vladimir Putin and Chinese President, Xi Jinping when they turned on the Power of Siberia (the cross-border gas pipeline). This massive new pipeline is set to propel bilateral cooperation in the energy sector, providing a significant boost to both sides. Continue reading

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OPEC Slashes Oil Market Share Until 2025

OPEC HQ in Vienna, Austria

OPEC HQ in Vienna, Austria. Credit: CC / Priwo

The production of crude oil and related liquids of Vienna-based OPEC is projected to decline to 32.8million barrels per day (BPD) by 2025, according to the group’s 2019 World Oil Outlook (WOO) published recently.
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U.S. Production of Natural Gas Set to Boost by 2020

Offshore platforms

Offshore platforms. Credit: CC / Chad Teer

U.S. production of dry natural gas and crude oil is set to boost in 2019 and 2020, according to U.S. Energy Information Administration’s (EIA) latest report. Continue reading

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Australian Natural Gas – A Solution to a Global Challenge

Dampier to Bunbury Natural Gas Pipeline, Western Australia. Credit: CC/Glen Dillon

Australia’s natural gas industry plays a significant role in reducing global greenhouse gas emissions and this contribution is often overlooked. The country’s liquefied natural gas (LNG) exports have the potential to save global emissions up to a quarter of their total annual domestic greenhouse gas emissions. Continue reading

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Iran’s LNG Exports to Neighbour Rise by 400%

LNG & LPG Jetty

Credit: Iran Liquified Natural Gas Co.

Iran’s exports of Liquified Natural Gas (LNG) to Afghanistan have more than quadrupled in the last quarter of year 2019. Over 98,417 tons of LNG was exported to Afghanistan through the Doqaroon border customs, showing a four-time rise in export of natural gas compared to the previous year. Continue reading

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Net Zero Natural Gas Plant Strikes Zero Carbon Footprint

NET Power oxy-combustion natural gas facility

Credit: Net Power Inc.

Gas-fired power has substantial environmental benefits over fossil fuels, and NET Power’s pilot plant located in Texas is set to herald a new future for natural gas. NET Power aims to achieve the production of electricity from natural gas with zero carbon footprint. Continue reading

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