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...Europe is still vulnerable to gas supply shocks despite significant progress in cutting its reliance on Russia, the chief executive of one of Germany’s largest energy companies has warned....
...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....
...Until new LNG production comes online from Qatar and the US in 2026, global gas demand was likely to continue to outstrip supply, said Tom Marzec-Manser, head of global gas analytics at ICIS....
...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....
...Those who dislike the oil and gas companies, rather than demonising them, should instead focus on cutting demand for their products. If demand falls, then supply will take care of itself....
...But if there’s one thing the gas industry has learnt from the European energy crisis in 2022, it’s that security of supply is essential....
...Nonetheless, Russian LNG imports to the EU rose by 38 per cent between 2021 and 2023, replacing about 10 per cent of the lost Siberian supply with gas from the Arctic....
...Since 2012, almost pure hydrogen has flowed from a borehole there with no diminution of pressure, giving villagers their first electricity supply....
...Novatek had previously signed supply contracts with Zhejiang Energy Gas Group and Shenergy Group of China....
...pre-energy crisis levels, as supplies tightened owing to maintenance at a major US export facility....
...Sharp increases in US gas supply were followed by rebounds in prices in 2012, 2016 and 2020. This could be another one of those times....
...occur throughout the supply chain....
...“Gas prices have risen due to lower supply, but, arguably more importantly, risks to supply,” said Edward Gardner, a commodities economist at Capital Economics, in a note on Thursday....
...But analysts warn refinery maintenance in the US will further cut supplies across the Atlantic and further drive up the price....
...“We are a committed long-term shareholder in Cadent and are supporting significant investment across the network to maintain the safe, secure and reliable supply of gas,” the group said....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...It is one of the top three buyers of Russian oil products, pipeline gas and LNG....
...’s energy supply....
...Supply has been tight for the past two years as a result of Russia’s invasion of Ukraine....
...the world grapples with a supply glut....
...But executives think AI could improve supply chains and production....
...ArcelorMittal is on the hunt for supplies of US liquefied natural gas in what would be its first LNG deal for its European steelmaking operations....
...European gas prices jumped on Friday after workers at liquefied natural gas facilities in Australia began strike action, stoking fears of disruption to global supplies....
...For Rigas, the dangers for natural gas producers off Israel are not new....
...Yet, for Israel’s budding gas sector, time is of the essence. The US and Qatar are rushing to increase LNG supply capacity. More of this fuel is widely forecast for the middle of the decade....
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