One of the world’s leading natural gas trade groups on Tuesday joined a growing chorus of stakeholders denouncing President Biden’s decision to pause U.S. LNG export permits, saying the move would derail global energy security and jeopardize decarbonization. The International Gas Union (IGU), which represents more than 150 members across the value chain in 80…
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More Natural Gas Production, LNG Projects Needed to Better Balance Global Energy Markets, IGU Says
The war in Ukraine and years of underinvestment have placed the global natural gas market in an “unstable equilibrium” that could linger for decades without additional funding for upstream production and LNG infrastructure, according to the International Gas Union (IGU). In its annual Global Gas Report, the IGU and contributors from Rystad Energy AS and…
October 24, 2023
Global Market Increasingly Buying Volumes at Prices Linked to Natural Gas Hubs, IGU Says
Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Dutch Title Transfer Facility hit record levels last year as buyers scrambled to secure supplies amid one of the worst energy crises in decades, according to the International Gas Union (IGU). The increase in global gas-on-gas competition (GOG)…
September 25, 2023
LNG Trading Continued to Drive Gas-on-Gas Competition Last Year, IGU Says
Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF) increased last year, again taking share from deals linked to oil-indexed contracts, according to the International Gas Union (IGU). Gas-on-gas (GOG) competition’s share of the global market last year reached 49.3%,…
July 8, 2021
IGU Sees Quick LNG Demand Recovery Post-Pandemic, but Imports Down 4% in 2020
Global natural gas use is poised to decline this year as Covid-19 has cut into demand, but a quick recovery could be likely, driven by favorable economics, increasing access to the fuel and longer-term emissions reduction targets, according to the International Gas Union (IGU). According to IGU’s latest Global Gas Report, developed with Bloomberg New…
August 10, 2020
IGU Again Finds Gas-on-Gas Competition Increasing as LNG Spot Deals Grow
The world again saw an increase of natural gas buying at prices tied to dominant hubs and indices last year as the number of purchases linked to competing fuels like crude oil declined in an ongoing shift influenced by a sharp spike in liquefied natural gas (LNG) spot trading, according to the International Gas Union…
July 2, 2020
IGU Report: Marine Transport Could Be Niche for LNG
In the near- and medium-term, liquefied natural gas (LNG) may a transportation fuel market in the marine sector, where globally water-based transportation of goods continues to grow at a robust pace, according to the latest World LNG Report by the International Gas Union (IGU).
August 27, 2013
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