In this Issue:

FROM THE EDITOR: FALLING ON DEAF EARS

Brussels is calling time on the internal combustion engine, and with it the potentially significant contribution biomethane could make to decarbonising road transport.

THE WORLD NEEDS MORE NOT LESS GAS: NOVATEK CFO

Novatek has its own climate initiatives, but they do not include cutting supply of the Russian company’s primary product.

TIPPING THE GLOBAL GAS BALANCE

Competition between Europe and Asia for LNG pushed short-term gas prices up to nearrecord levels on either side of the globe, with winter still months away.

BP’S STATISTICAL REVIEW: NORMAL SERVICE WILL BE RESUMED SHORTLY

BP’s 2021 annual review of world energy shows the effect the pandemic had on world energy demand and prices, but the world will struggle to meet the Paris goals.

EUROPEAN GAS PRODUCERS FACE HIGHER CARBON COSTS

While higher prices for EU and UK carbon allowances have given gas a competitive edge over coal in power production, offshore gas producers look set to be negatively affected as the era of free allowances is coming to an end.

NIGERIAN LAWMAKERS CLEAR LANDMARK PETROLEUM BILL

The draft legislation aims to spur investment in exploration and production, particularly for natural gas.

SOUTH KOREA PLANS TO ELIMINATE LNG USE BY 2050

In october 2020, South Korean president Moon Jae-In committed the country to achieving carbon neutrality by 2050.

PHILIPPINES RATTLED BY GAS SUPPLY VOLATILITY

Gas supply disruptions have not only driven up power prices but also serve as a warning of looming energy insecurities

SETBACK FOR SOUTH AFRICA’S LNG-TO-POWER PLANS

South Africa’s government has rejected Karpowership’s application to operate LNG-to power vessels at three of the country’s major ports, complicating efforts to boost power generation capacity.

GUYANA’S NEW OIL INDUSTRY WILL ALSO SPUR GAS DEVELOPMENT

Guyana’s ambitious gas development scheme, if it proceeds as planned, will transform the country’s energy mix.

CAN GERMANY MANAGE WITHOUT NATURAL GAS?

Can a large industrialised society like Germany run securely and smoothly on a power system largely fed by intermittent renewable energy sources? It is a question that not only concerns germany, but the rest of the world as well. If they can do it, anyone can.

FROM THE EDITOR: GAS INFRASTRUCTURE FUNDING SHOULD STAY

A failure to support transitional technologies and multi-purpose infrastructure risks missing out both on early partial decarbonisation opportunities and the lowest-cost pathway to a net zero future.

COUNTRY FOCUS: COAL PHASE OUT AND GAS HUB AMBITIONS FUEL GREEK LNG PLANS

Plans for a second LNG import terminal in Greece are well advanced, with the aim of supplying gas to the wider region.

MEXICO EYES LNG EXPORT FUTURE

Mexico’s long-term role in the LNG market looks more likely to be as an exporter of US gas, rather than an importer of LNG.

FROM THE EDITOR: THE BATTLE FOR GAS HAS BEGUN

There are radically opposing perspectives on what role natural gas will play in the energy transition.

JP MORGAN: OIL AND GAS WON’T BE STRANDED

The International Energy Agency (IEA) made headlines in may with its net-zero roadmap, which offered a potential scenario for achieving Paris climate goals that would put an immediate stop to upstream oil and gas investments.

GAS POWER IS MORE EXPENSIVE THAN COMMONLY THOUGHT. BUT SO ARE SOLAR AND WIND

The real cost of gas- and coalfired power generation is much higher than investors and analysts realise, according to a study from the rethinkx project.