EU Energy Actions
On Dec. 19, 2022, EU energy ministers reached agreement on a temporary natural gas price cap to shield their economies from high energy prices. At that meeting, they also adopted a regulation on coordination of natural gas purchases (the EU Energy Platform) and price benchmarks. They also approved an approach on energy sector methane emission […]
2023 Could be Daunting for Europe
Warm Winter in Europe Eases Restocking Concerns, but 2023 Still Looks Daunting (NGI) Jacob Dick (Jan. 11): As Europe experiences one of the warmest winters on record, Kpler’s Eleni Papadopoulou says that a severe supply crunch and rationing are becoming “somewhat subdued” thanks to “ample regional gas and LNG.” If China’s LNG demand growth is […]
Enough Gas for Transition?
Energy Transition: Is There Enough Gas? (Thunder Said Energy) Jan. 03: Global gas production needs to double to 800bcfd in our roadmap to net zero, to complement a vast ascent of wind/solar and a nuclear renaissance. But is there enough gas? Today’s model estimates what this kind of ramp-up might look like in reserves/production terms. […]
EU-US LNG Agreement
LNG Allies Statement on EU-US Energy Security Agreement President Biden and European Commission President von der Leyden outlined a bold EU-US agreement today to bolster European Energy Security, largely by increasing U.S. LNG trade. The agreement’s central concept—a joint EU-U.S. Task Force on Energy Security—is a direct response to the proposal put forward by LNG […]
More USLNG for Europe
Fuel-Starved Europe Offers Push Needed for U.S. Gas Projects Sergio Chapa, Bloomberg (March 12): The threat of supply disruptions in Europe along with German Chancellor Olaf Scholz’s comments that Germany would move quickly to build two LNG terminals, could help spur financing and approval decisions for USLNG developers. Fred Hutchison of LNG Allies: “Germany’s decision […]
Closer Energy & Climate Cooperation
Lia Zhu, China Daily (March 08): Energy industry experts in the United States have felt encouraged by instances of closer cooperation between the United States and China in recent years and are calling for further collaboration to address climate change issues. Fred Hutchison of LNG Allies, a nonprofit organization backing the USLNG industry, said LNG […]
U.S. Chamber on Energy Policy
Record High Russian Oil Imports Show Need for Smarter Domestic Energy Policy By Marty Durbin, Senior Vice President, Policy, U.S. Chamber of Commerce In 2021, the United States imported 245 million barrels of crude oil and related petroleum products from Russia. This equates to nearly 672,000 barrels per day—an all-time record and a 79% increase […]
Joint Letter to President
Joint Letter to President Biden on Energy Security February 25, 2022 The President The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500 Dear Mr. President: In light of this week’s invasion of Ukraine by Russia and its implications for domestic and global energy security, our organizations are writing to offer support and urge you […]
Major Announcements on Methane
EQT and Chesapeake: Major Announcements on Methane Gerson Freitas Jr. (April 18): EQT, which pumps more gas than any other U.S. driller, is supporting Congressional resolutions condemning last year’s rollback of Obama-era limits on methane emissions from new oil and gas wells… Hours earlier, EQT announced “its commitment to seek independent certification of a majority […]
Flaring Drops Sharply
Associated Gas Flaring Drops Significantly (S&P Global Platts) J. Robinson and Taylor Cavey (April 12): Over the past 16 months, flared volumes from U.S. associated gas basins have fallen by over 60%, led primarily by activity in just two basins the Permian and the Bakken. In the Permian, flaring declined to a multiyear low in […]