Three weeks ago, we noted that sanctions continued to tighten on Russia and asked whether China would come to Moscow’s rescue (no it wouldn’t we concluded). However, three weeks on from the initial question and it appears that OPEC+ has instead decided to come to Russia’s aid. That may not be too surprising – RussiaContinue reading “OPEC+ cuts output, Russian oil price cap proposals move forward”
Tag Archives: China
China’s latest Natural Gas Development Report – focus on market dislocation
China recently released its Natural Gas Development Report for 2021, which reviews recent developments in the country’s gas sector and sets out plans for the years ahead. This is the seventh in the series to date. The focus of the report is different from that of last year. In 2020 the focus was largely onContinue reading “China’s latest Natural Gas Development Report – focus on market dislocation“
The gas genie out of the bottle
Recent comments by the head of the IEA about the security of Russian gas supplies have been widely reported. Fatih Birol warned European governments and gas consumers that they should prepare for a complete shutdown of gas supplies from Russia this winter. He warned that governments should take steps now to reduce gas demand andContinue reading “The gas genie out of the bottle”
Outlook for oil prices and the LNG market
I was recently interviewed by a European business magazine on the outlook for oil prices and the global gas market, which I thought I could usefully turn into a blog this week. What’s happening in the oil market, production was first cut and now it’s been increased again. How much of this is about politics?Continue reading “Outlook for oil prices and the LNG market”
Oil price declines and the impact on China’s energy complex
Oil prices have been steadily declining in recent weeks as the impact of the coronavirus on energy demand in China and the rest of the world has become evident. This slide accelerated significantly at the beginning of this week when Russia decided to end its cooperation with OPEC on reducing world oil production, which hadContinue reading “Oil price declines and the impact on China’s energy complex”
Medium-term demand outlook bright, short-term very weak
The medium-term outlook for China’s gas demand remains bright. Most observers – companies, governments, consultants – see gas as a replacement for carbon-intensive coal in China’s energy mix or, at worst, as a bridge fuel towards a lower-carbon future for China. The short-term – 2020 – however is looking a lot less certain. Gas demandContinue reading “Medium-term demand outlook bright, short-term very weak”
China focuses on increasing gas output in an era of trade wars
Faced with rising gas demand – albeit now rising at a slower pace – China has been seeking to boost domestic gas production to stem its growing dependency on imports. Given the ongoing trade war with the US, energy supply security will clearly have assumed an increased level of importance in Beijing. There has certainlyContinue reading “China focuses on increasing gas output in an era of trade wars”
Global Energy Comment 