In this Issue:

FROM THE EDITOR: THE RUSSIA-EU GAS DIVORCE PICKS UP PACE

European gas prices are again trending upwards and fast, following further disruptions in russian supply, exacerbated by the explosion at Freeport LNG.

AUSTRALIA RESORTS TO GAS PRICE CAPS AS ENERGY CRISIS DEEPENS

The natural gas industry says blame for the crisis does not lay at its feet, and in fact gas has stepped up to support Australia’s energy system.

EU NATIONS PURSUE PRICE CAPS AMID SURGING ENERGY COSTS

A number of EU nations are introducing gas and power price caps in a move to address the impact of price spikes on consumers. The measures are temporary, but will they have a lasting impact on liberalised wholesale markets?

UK SLAPS WINDFALL TAX ON NORTH SEA

The levy plan includes investment incentives designed to cushion the blow, but this provision was not enough to get industry on side.

FRANCE TURNS TO GAS FOR SECURITY AMID NUCLEAR OUTAGES

France is expanding its regasification capabilities as it struggles with nuclear outages and fallout from the energy crisis, while also pursuing an end to Russian imports..

HIGH AMBITIONS

Once home to the majority of Soviet-era natural gas supplies, Ukraine has ambitions to again meet European gas demand.

QATAR SELECTS TOTALENERGIES FOR NFE JV

Totalenergies has been chosen as its first IOC partner in the joint venture for the North Field East development.

ISRAEL ANNOUNCES PLANS FOR BID ROUND

Israel has all but completed an aboutturn on offshore licensing, as it prepares to launch a new bid round.

FROM THE EDITOR: STAGFLATION WILL LIMIT LNG MARKET DIVERSIFICATION

According to the World Bank’s latest global economic prospects, the world economy is “expected to experience its sharpest deceleration following an initial recovery from global recession in more than 80 years.”

ENERGY SECURITY: IT’S ALL ABOUT GAS INTERCONNECTIVITY

Investment in gas grid infrastructure has never been so essential to European gas security. The EU’s RepowerEU plan targets €10bn in new gas infrastructure investment to improve market interconnectivity, at the heart of which is the ability to move regasified LNG, and in the future potentially hydrogen, to where it is needed most.

FRESH HOPE FOR NIGERIAN GAS

Although increases in the country’s gas production have long been confounded by security and regulatory issues, Nigeria has the proved reserves both to support a gas pipeline connection to europe and increase its lng export capacity.

PROJECT SPOTLIGHT: PLAQUEMINES LNG

The first US LNG plant to get a financial green light in two years, plaquemines LNG is on its way to joining the ranks of the US’ increasingly formidable LNG export industry.

FROM THE EDITOR: ON THE PATH TO “NOT ZERO”

If the back-to-back-to-back crises of a global health pandemic, a European energy shortage and Russia’s war mongering have taught us anything, it is that “net zero by 2050” is hopelessly unattainable.

DEPLOYING CAPITAL WHERE IT COUNTS

ONE Future director Jim Kibler argues that operators need the flexibility to deploy capital where it will be most effective in driving down methane emissions.

DIETER HELM ON GAS, THE ENERGY CRISIS AND WAR

Professor Dieter Helm gave a compelling presentation at the Flame Gas & LNG Conference in early May, questioning the outcome of COP26 and the future role of gas.

SOUTHEAST ASIA PURSUES LOWCARBON TECH TO KEEP GAS IN PLAY

Many Southeast Asian countries are pursuing CCS, carbon neutral LNG and hydrogen to ensure that natural gas remains a fixture in their energy systems even as they decarbonise.