Reuters (December 26)
“Solar, wind power and batteries are set to make life a misery for the liquefied natural gas market. Some fossil fuel executives already think the push by incumbents like Exxon Mobil, Shell, and Woodside Energy to hike global production by some 50% by 2030, per the International Energy Agency, is creating a bubble. But renewable energy’s advantages will make the pop even worse.”
Tags: 2030, Batteries, Bubble, Exxon Mobil, Fossil fuel, Global production, IEA, LNG, Pop, Renewable energy, Shell, Solar, Wind power
Oilprice.com (January 9)
“The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted.” Nevertheless, “these prices are not going to go much lower for the very simple reason that LNG could never be as cheap as pipeline gas.”
Tags: Analysts, Averted, Celebration, Cheap, Crisis, Demand, Down, EU, Gas, LNG, Prices, Warm weather
LNG Industry (January 6)
“The world’s two largest economies–the US and Mainland China–are poised to be the world’s top export and import markets for LNG in 2022.” In 2021, the US placed third, behind Australia and Qatar, but “was the largest source of LNG supply growth in 2021.” China overtook Japan in 2021, marking “the first time since the early 1970s that Japan has not been the world’s largest LNG importer.”
Tags: 1970s, 2021, 2022, Australia, China, Export, Import, Japan, LNG, Markets, Qatar, Supply growth, Top, US
