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...“Eighty per cent of the consumption of hydrocarbons [oil and gas] by 2050 is going to be in the Global South. Today it is 40 per cent in the Global North and 60 per cent in the Global South....
...Gas from Russia previously accounted for more than 40 per cent of the bloc’s supplies, but dropped to 15 per cent in 2023 despite an uptick in imports of liquefied natural gas imported from Russia by ship...
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...China’s foreign ministry did not comment directly on the negotiations but said that natural gas is an important aspect of Sino-Russian energy co-operation....
...The west Siberian fields are not set up to deliver liquefied natural gas exports and only China has a pipeline in the region. For Europe, success simultaneously reflects strength and weakness....
...This did not mean Russian gas was sold cheaply; it was sold on a similar basis as all other gas. China provides an alternative model....
...Novatek had previously signed supply contracts with Zhejiang Energy Gas Group and Shenergy Group of China....
...Liquid natural gas prices rose 300 per cent, but they are now back down at pre-invasion levels. The S&P 500 fell 18 per cent in 2022 but recovered quickly in 2023....
...Qatar plans to further increase its liquefied natural gas (LNG) production capacity following the discovery of vast new gas reserves, as it looks to tap surging demand from China and other Asian nations....
...Oil and natural gas bring in about 90 per cent of Azerbaijan’s export revenues and finance about 60 per cent of the government budget, according to International Energy Agency figures....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...“There was a big shift against natural gas, of course, when the price was very high, and it was seen as unreliable....
...Last year, Eni paid $4.9bn for London-based oil and gas producer Neptune Energy in what was the largest cash deal in almost a decade for the European energy sector....
...“A Chinese good is much harder to sanction in China than a Russian one supplied to China.”...
...Since the Latin American country decided, in the 1970s, to reduce its dependence on imported oil and gas, ethanol has played a crucial role in Brazil’s energy mix....
...groups said the White House freeze on liquefied natural gas permits had “significantly” lowered their expectations for production five years from now....
...Almost half of Mexico’s energy mix comes from natural gas, with about 70 per cent of that demand met by the US....
...Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel...
...Natural gas prices plunge as US set for its warmest winter on record....
...The nation overtook Qatar to become the largest exporter of liquefied natural gas in the world last year....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...The US’s largest exporter of liquefied natural gas has defended its industry from criticism by climate change campaigners, saying it was vital for keeping the lights on in Europe....
...In China, Tesla is losing out to rivals that make smaller, cheaper EVs. These include market leader BYD, whose Seagull car sells for less than $10,000....
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...“Very few Americans are eager to have their country fracked in order to sell cheap gas to China.”...
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