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This study updates DOE’s understanding of the potential effects of U.S. LNG exports on the domestic economy; U.S. households and consumers; communities that live near locations where natural gas is produced or exported; domestic and internation energy security, including effects of U.S. trading partners; and the environment and climate (Study or 2024 LNG Export Study). DOE intends to use the […]
U.S. LNG export capacity is currently on track to double over the next 5 years. A new S&P Global study finds that growing US exports would support nearly 500,000 jobs and contribute $1.3 trillion to US gross domestic product through 2040. The US currently holds more than 35 years of economic natural gas supply (~1,300 Tcf) at current consumption levels […]
Global LNG trade is on track to grow by 2% in the full year of 2024, driven mainly by stronger imports in Asia Pacific, which offset a sharp decline in Europe. The projected growth in global gas consumption for 2024 has been revised upward to 2.4%. In November 2024, the EU recorded its third consecutive y-o-y increase in gas consumption, […]
The publication’s six sections offer diverse datasets, charts and analytics on topics ranging from macroeconomics and members and observers’ country Indicators to referential gas market prices, providing a snapshot of the influence and position of GECF members in the global natural gas market, their infrastructure and the evolution of gas prices in different regions during the recent years. source: GECF
Beyond ensuring supply security and transition away from Russian pipeline gas, LNG terminals can play a key role in Europe’s transition to renewable and low-carbon energy. They can accommodate bio-LNG and synthetic LNG, two energy solutions enabling high GHG emission reductions, with minimal adaptation costs. By repurposing existing or building new infrastructure, terminals can handle hydrogen derivatives (e.g., ammonia), liquefied […]
Many industries within Australia’s manufacturing sector today utilise gas as either a direct input or energy source during production. However, the opening of the East Coast LNG export industry and the resultant surge in gas prices in recent years is threatening the future of the local manufacturing sector. This risk is now being compounded as the export-focused gas industry is […]
Presentation of ADNOC’s gas strategy as of November 2024. ADNOC Gas’s growth strategy extends beyond 2029 with the development of large-scale projects like Bab Gas Cap, aimed at expanding gas processing capacities. These initiatives support the UAE’s energy transition while positioning ADNOC Gas as a key player in the sustainable global gas industry.
This presentation outlines several critical findings about the global LNG and natural gas markets. Some of the key highlights include: Current inventories appear sufficient for the winter of 2024-2025, even under cold weather scenarios. Global LNG demand will rise, primarily driven by Asia Pacific, Southeast Asia, and South Asia. In Europe: -LNG demand in Europe is projected to peak by […]
A new report indicates that gas demand in eastern Australia has fallen by 32% since its peak in FY2012-13, largely due to the start of LNG exports from Queensland in 2015. This decline has coincided with a tripling of gas prices, significantly impacting sectors such as manufacturing and electricity generation, where gas demand has dropped nearly 60%
