Given Europe’s energy crisis prompted by the war in Ukraine and US Assistant Secretary of State Donald Lu’s supportive comments while in Ashgabat, I was recently asked to discuss whether particular countries, such as Turkmenistan, in Central Asia might possibly become suppliers of gas to Europe. What are the prospects for transporting Turkmen gas toContinue reading “Turkmen Gas to Europe?”
Tag Archives: gas
Europe’s Energy Crisis
I recently did an interview with the Baku Tribune on the current energy crisis and related issues. I thought it might be interesting to post this here given that the crisis seems unlikely to be resolved in the near future. Q: What is the outlook for the G7’s proposed price cap? First of all, weContinue reading “Europe’s Energy Crisis”
OPEC+ cuts output, Russian oil price cap proposals move forward
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”
Nord Stream Too? Russian gas to Europe further disrupted
This morning we are all reading headlines about a series of explosions on both the existing Nord Stream 1 pipeline between Russia and Germany and its almost-complete – but dead in the water – counterpart, Nord Stream 2. Three explosions took place and large volumes of gas have been released from the shut-down pipelines intoContinue reading “Nord Stream Too? Russian gas to Europe further disrupted”
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”
Big Oil and the Energy Transition: Out of their comfort zone?
The Energy Transition is upon us and one of the key challenges facing today’s oil and gas companies is: how do they address the fundamental changes that are needed in their business to adapt to, take part in and thrive in this radically new environment for energy companies? Governments and increasing numbers of shareholders areContinue reading “Big Oil and the Energy Transition: Out of their comfort zone?”
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 