A landmark agreement clinched by nearly 200 government ministers is calling for the world to begin slowing down the use of fossil fuels, but they left the door open for “transitional fuels,” such as natural gas, to continue to play a big role in the decades ahead. The 28th Conference of Parties (COP28) to the…
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Southern Gas Association CEO Sees Critical Role for Natural Gas in Evolving Energy World
Suzanne Ogle, CEO of the Southern Gas Association, says talk of natural gas going away is not realistic or responsible. Quite the opposite, it’s “really the critical remaining dispatchable fuel source” available, one that offers the quickest way to reducing global emissions, she said in an interview with NGI. “If your goal is to eliminate…
North American Natural Gas Demand Said ‘Approaching Its Peak,’ with Storage Needs Also Slipping
Natural gas demand in the United States and Canada is expected to peak in the next year, even as production remains strong and LNG exports are projected to increase through 2050, according to consultancy firm DNV. The independent risk management expert’s Energy Transition North America 2023 provides an outlook for natural gas, oil, coal and…
Montana, Energy Trade Groups Vow to Appeal as Court Declares Fossil-Friendly State Law Unconstitutional
A Montana court earlier this month ruled for young plaintiffs who argued that the state’s energy laws violate their constitutional rights to a safe environment, but the ruling has drawn scorn from state and energy officials, who expect it to be appealed. The case was filed originally in 2020 by 16 plaintiffs, who now range…
U.S. Energy Leaders Navigate Complicated but Enduring Path for Natural Gas
Liberty Energy Inc. President Ron Gusek does not shy away from the reality of climate change. He is convinced the planet is warming and sea levels are rising. Still, these are not overwhelming problems that necessitate bans on natural gas and other fossil fuels. In fact, Gusek said, a diverse array of energy sources is…
AGA Touts Natural Gas’ Role in Agriculture, Says Stronger Policies Needed to Support Supplies
Any restrictions or outright bans on natural gas would have severe implications for the U.S. agricultural sector and the nation’s food supply, the American Gas Association (AGA) warned in a new study. As policymakers across the world weigh the role of fossil fuels in the energy transition and more localities across the United States impose…
Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio
The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales. “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…
Maine Moves to Purge Fossil Fuels from Pension Fund
Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or securities of the…
Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model
Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…
Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum
Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF) The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in…