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...The EU previously imported 155bn cubic metres of piped gas from Russia, about 40 per cent of its total supply....
...The EU’s energy regulator has warned the bloc still needs to import Russian liquefied natural gas to avoid an energy shock, even as a group of member states seeks to ban purchases of the fuel from Moscow...
...In that case, new supplies will be redundant, and as organisations like Carbon Tracker have pointed out, fossil fuel companies that overinvested in new supplies will face financial losses and eventual bankruptcy...
...Energy Capital Partners, a large private investor with green and fossil fuel power assets, said expanding gas-fired generation would be critical in supplementing renewable supplies to data centres....
...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...“But alas, [crude] prices will go up if there is a market supply shock and that will probably transmit itself back to US drivers as higher fuel prices — global market and all that.”...
...Qatar has secured two huge gas supply deals with China over the past 15 months....
...Drilling well sites are a major point of methane leakage in the natural gas supply chain, and SNG producers say they can avoid those emissions, since they produce the fuel under controlled conditions....
...Equinor’s oil and gas business accounted for roughly 80 per cent of its capital expenditure last year, and it aims to increase fossil fuel production more than 5 per cent by 2026....
...Lower gas prices have implications for the energy transition, potentially keeping consumers hooked on the fuel for longer....
...Brussels is also due to propose an extension of targets for cutting gas demand as a way to keep reducing the bloc’s reliance on fuel imports before a meeting of the bloc’s energy ministers on March 4, according...
...There is no need for investment in new fossil fuel supply in our net zero pathway.”...
...About 40 per cent of the fossil fuel assets it identified were issued by financial subsidiaries of fossil fuel corporations, report author Clarisse Murphy told me, putting them outside the scope of the ECB...
...However, the IEA also said that “high inventory levels together with an improving supply outlook are providing gas markets with some reassurance for 2024”, with global gas demand expected to grow 2.5 per...
...The extension of oil and gas windfall taxes has provided much-needed ammunition for the Scottish National party to target Conservative seats in north-east Scotland, where 100,000 workers rely on the hydrocarbons...
...The global gas market remained structurally tight, owing to the lack of Russian pipeline gas supply to Europe, Shell said....
...envisage a reduced role for the gas as the world transitions away from fossil fuels....
...Gas-fired power plants supply almost 40 per cent of the UK’s annual electricity on average. But their contribution is far higher on still days when output from wind turbines is low....
...Novatek had previously signed supply contracts with Zhejiang Energy Gas Group and Shenergy Group of China....
...’s energy supply....
...“This was the mother of all climate cases against corporations,” said Klaas Hendrik Eller, an assistant professor at the University of Amsterdam’s centre for transformative private law....
...COP29 would focus not only on helping countries to develop national climate goals in the shift away from fossil fuels, he said, but also on sharing plans for how to adapt to global warming....
...Under a scenario that China intercepted at least some fossil fuel shipments, Taiwan would run out of gas in a matter of weeks, participants said....
...But industry and trade union leaders worry the LNG pause risks destabilising the gas industry, which is facing challenges linked to a supply glut that has caused prices to crash to three-year lows....
...That has undermined demand for heating fuel, even as a shift away from coal pushes up the use of gas in electricity....
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