Shell plc is not going to determine how quickly the energy transition happens, but there is a role for natural gas and oil, the CEO said Thursday. CEO Wael Sawan, who took the helm in January from long-time chief Ben van Beurden, was the opening speaker at CERAWeek by S&P Global in Houston. Asked if…
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Tree Energy, HIF Global Looking to Scale Hydrogen Production Using LNG Model
As firms like Tree Energy Solutions GmbH (TES) and HIF Global work to build large-scale production and export hubs for hydrogen in the United States and Europe, executives said the next generation of fuels would likely need to be supported by existing natural gas infrastructure. TES CEO Marco Alverà, speaking on a panel this week…
Gas Flows Stop at French LNG Terminals Amid Labor Strikes – The Offtake
Unions continued striking Thursday in France to oppose a proposed overhaul of the nation’s pension system, impacting power production, air travel, refineries, ports, LNG imports and other key aspects of the economy.
Energy Transition ‘Certainly’ Includes Natural Gas and Oil, Says Granholm
U.S. Secretary of Energy Jennifer Granholm told a crowd of energy executives on Wednesday that even as the Biden administration targets a nationwide, carbon-neutral country by 2050, oil and natural gas is going to remain a part of the energy mix for years to come. “We know that even the boldest projections for clean energy…
EIA Further Slashes Henry Hub Natural Gas Forecast After Record-Warmth in January, February
Amid lower-than-expected heating demand this winter, the Energy Information Administration (EIA) said Tuesday it is raising its projected end-March natural gas storage carryout to more than 1.9 Tcf, a 27% increase compared to projections issued in January. A 1.9 Tcf end-March carryout would also represent a 23% surplus to the prior five-year average, EIA said…
Thailand Takes Advantage of Weaker Asian Spot Market in LNG Buying Spree
To fill the natural gas supply deficit made by the country’s declining domestic production and lower pipeline imports from Myanmar, Thailand has returned to the LNG spot market and so far been one of this year’s strongest buyers in Southeast Asia. “We expect Thailand to continue to buy spot liquefied natural gas cargoes over the…
Understanding LNG’s Impact on the U.S. Natural Gas Market Via Shipping and Floating Storage – Column
Growth in U.S. LNG capacity has reached the point where it is a significant demand component of the country’s expansive natural gas market.
EU Tweaks LNG Price Assessments Ahead of Benchmark Launch
European Union (EU) regulators this week updated their methodology for assessing spot LNG transactions on the continent just weeks before the bloc rolls out a benchmark aimed at improving price transparency. The EU Agency for the Cooperation of Energy Regulators (ACER) said there were periodically insufficient eligible spot transactions to calculate price assessments for both…
FERC Clears Freeport to Restart Final Liquefaction Train – The Offtake
FERC has authorized Freeport LNG Development LP to restart service on its final train. The Federal Energy Regulatory Commission on Wednesday cleared the company to commission, cooldown and restart liquefaction on Train 1.
TotalEnergies CEO Touts Critical Role of Natural Gas as Global Energy Demand Grows
The chief executive of TotalEnergies SE said natural gas is vital to ensure energy reliability now and for years to come as the world population swells and economies advance, driving demand that exceeds the realistic potential of renewable fuels in the foreseeable future. “We need to continue to produce it…Gas is good,” TotalEnergies CEO Patrick…