The European Union’s (EU) LNG demand is likely to peak this year and buyers on the continent are likely to be over-contracted by 2030 as efforts to displace Russian natural gas over the last two years have been successful, according to the bloc’s energy watchdog. Since 2022, when Russia invaded Ukraine and cut off gas…
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Natural Gas Buyers Gaining AI Edge with Nitty Gritty Carbon Intensity Data
Creating credible, transparent emissions profiles to differentiate natural gas supply has come a long way from the “responsibly sourced” days, as decarbonization as a service, or DaaS, moves beyond a nice-to-have for operators to a must-have to gain customers, according to experts. Natural gas heavies EQT Corp. and Williams have been at the forefront of…
BP, Chevron, EQT, ExxonMobil, Oxy, Shell Vow to Curb More Natural Gas, Oil Emissions as EPA Unveils Stringent Methane Rules
The Biden administration’s final revisions to the nation’s methane regulations, launched on Saturday, drew sharp criticism from energy trade groups, even as 50 of the world’s largest natural gas and oil producers pledged more emissions cuts. Long expected, the U.S. Environmental Protection Agency (EPA) final rulemaking revised the Clean Air Act (CAA) methane and volatile…
Energy Transition Reliant on Natural Gas as Decarbonization Said ‘Relatively Slow’
Natural gas will remain a “key transition fuel” until the mid 2040s to ensure electricity systems maintain their reliability for dispatchable generation, according to TotalEnergies SE. The French integrated major, which has a worldwide portfolio of oil, natural gas and alternative energy projects, recently issued its fifth annual outlook of the global markets. The forecast,…
LNG Exports Seen Boosting North American Natural Gas Demand Through Next Decade and Beyond
North American natural gas demand is likely to grow by roughly 25% over the next 10 years and stay resilient through 2050 as the world shifts to lower-carbon energy, according to new projections from Wood Mackenzie. LNG exports are expected to drive the incremental demand, which will largely be supplied through continued growth in associated…
How Will Natural Gas Continue to Decarbonize Transportation? – Listen Now to NGI’s Hub and Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Morgan Evans, associate editor, sits down with NGI Senior Analyst Josten Mavez to explore the past, present and future of natural gas vehicles (NGV) in the U.S. market and decarbonization strategy. Three decades ago, it appeared NGVs would take the…
Aether Fuels Expanding E-Fuel Options with Sustainable Syngas Takeover
San Francisco-based Aether Fuels, whose focus is decarbonizing aviation and marine transportation, agreed to acquire Sustainable Syngas LLC (SSG) in a deal that would merge their carbon-neutral fuel-production technologies. No financial details were provided about the transaction, which is expected to fast track Aether’s first commercial plant and project pipeline. SSG has been focused on…
LNG Capacity Growth a Proven Model for Energy Transition, Says Bechtel CEO
As energy buyers and governments across the world try to balance climate goals and energy security during a period of high volatility, Bechtel Corp. CEO Brendan Bechtel said the growth of the LNG industry should serve as a model for how energy infrastructure investments can tackle multiple challenges at once. Virginia-based Bechtel has secured contracts…
Schlumberger Rebranding in Shift to ‘Decarbonized Energy Future,’ but OFS Still Big
Schlumberger Ltd., founded 96 years ago, has changed its brand to SLB, underscoring its vision for a “decarbonized energy future,” the company said Monday. The rebranding to the New York Stock Exchange symbol is designed to affirm its transformation from the world’s largest oilfield services company to focus on “driving energy innovation for a balanced…
What Energy Technologies and Services Advance Natural Gas Industry’s Net-Zero Emissions Goals? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses decarbonization methods marketed to the natural gas industry, some of which may work while others may be nothing but hot air. In this podcast, NGI Senior Energy Analyst Shaylon Stolk discusses how pressure from regulators and investors has the natural…