Energy Transition by S&P Global Commodity Insights’ Post

INTERVIEW: Japan must address 20 mil mt/year #gas supply gap in FY 2040-41: former ANRE head ▪️ Gas could be main energy source if CCS ends up being 'usable' technology ▪️ 50 mil mt/year gas supply could be procured with #LNG destination clause ▪️ 'Almost unthinkable' for Qatar LNG imports to fall to zero with output growth 🖥️ Full story: https://okt.to/mp5cZH #EnergyTransition

INTERVIEW: Japan must address 20 mil mt/year #gas supply gap in FY 2040-41: former ANRE head ▪️ Gas could be main energy source if CCS ends up being 'usable' technology ▪️ 50 mil mt/year gas supply could be procured with #LNG destination clause ▪️ 'Almost unthinkable' for Qatar LNG imports to fall to zero with output growth 🖥️ Full story: https://okt.to/oWMCt6 #EnergyTransition

Europe: LNG capacity surges amid declining gas demand: A shift in energy landscape #Europe #Gas #LngCapacity https://lnkd.in/dtYBkaqi

#Oil and #gas will remain central to #China’s energy mix for decades, even as it accelerates its shift toward cleaner energy, according to a new report.

The LNG market is at a significant turning point. With an unprecedented surge in supply forecasted, how will the world navigate the choppy waters of energy transition? Dive into our latest analysis on the #LNG glut, its impact on global markets, and what it means for the future of energy. Read here https://ow.ly/W56o50RvsUm #EnergyTransition #Sustainability #Oil #Energy #Gas #EOGMagazine

UK-based energy giant BP expects global demand for liquefied natural gas (LNG) to rise up to 40 percent by 2030 compared to 2022 levels. BP revealed this in its 2024 energy outlook released on Wednesday. The outlook focuses on two scenarios, current trajectory and net zero. Current trajectory is designed to capture the broad pathway along which the global energy system is currently travelling, while net zero explores how different elements of the energy system might change in order to achieve a substantial reduction in carbon emissions. BP expects LNG demand to increase “rapidly” in the near term, but the outlook post-2030 becomes increasingly dependent on the pace of the transition, especially in Europe and Asia, which rely on LNG imports to meet their incremental natural gas demand.

📢 Upcoming Webinar 📢 International Energy Agency (IEA) reports that global natural gas demand is set to increase by over 2.5% in 2024, driven by LNG as the preferred bridging fuel in the transition to a carbon-neutral energy future. To maintain LNG's role in this energy transition, it is crucial to prioritise decarbonising the LNG value chain, especially given the urgency of net-zero targets. To delve into these critical topics and explore potential solutions, join the "Navigating the challenges of decarbonisation across the LNG Value Chain" webinar, ahead of World LNG Summit & Awards 2024. Hear from expert panelists from Center on Global Energy Policy, Dragon LNG and Dragon Energy, Edison, GIIGNL - International Group of LNG Importers, Japan Oil, Gas and Metals National Corporation (JOGMEC), and MiQ - Methane Intelligence as they discuss how existing LNG infrastructure can be repurposed for renewable fuels and more. Meet our expert speakers: 🟢 Anne-Sophie Corbeau, Global Research Scholar, Center on Global Energy Policy 🟢 Simon Ames, Managing Director, Dragon LNG and Dragon Energy 🟢 Andrea Qualiano, Head of Green Gas Origination & Gas Supply Portfolio Decarbonisation, Edison 🟢 Masataka YARITA, Director, Energy Research Division & Head of Methane Management Taskforce, Japan Oil, Gas and Metals National Corporation (JOGMEC) 🟢 Georges Tijbosch, CEO, MiQ - Methane Intelligence Don’t miss the chance to learn from experts and gain insights for achieving net zero targets in the evolving LNG sector. 👉 Secure your spot today: https://bit.ly/3YnLUfd Join us at the World LNG Summit & Awards on 9-12 December, in #Berlin, 🇩🇪 #Germany #EnergyConnects #WorldLNGSummit #webinar #lng #gas #renewablefuels

Thailand’s future as a major LNG growth center in Asia is in question as a draft of its 13-year Gas Plan 2024 reduces the role of gas and LNG in the country’s future power mix in favor of renewables. The draft plan forecasts that Thailand’s gas needs will drop from roughly 4.86 billion cubic feet per day (around 49 billion cubic meters) in 2024 to 4.75 Bcf/d in 2037. It also expects Thailand's overall LNG needs to grow from 1.62 Bcf/d this year to 2.04 Bcf/d in 2037, including 1.75 Bcf/d of uncontracted and/or yet-to-be-contracted volumes — 48.2% less than the 3.63 Bcf/d initially expected in the previous Gas Plan 2018. This drop is expected to be largely offset by the rapid growth of clean energy capacity, especially from solar and wind power, which are anticipated to reach 51.4 GW in 2037, up from 6 GW this year. Renewables would account for 33% of the power mix in 2037, up from 11%, while gas would slump to under 25% from the current 59%. The plan is still subject to change, with a final version expected to be released in September, but the draft signals Thailand’s doubts over relying on LNG imports. Full article here 👉 https://shorturl.at/99MCX Energy Intelligence Jaime Concha #LNG #Gas #Renewables #GasPlan2024 #PowerDevelopmentPlan2024

The International Energy Agency (IEA) World Energy Outlook 2024 #WEO2024 is out today. ✅  IEEFA’s #EU #gas #demand forecast remains in the range of the IEA’s #STEPS and #APS projections -  If the EU is successful in meeting its targets—particularly the deployment of offshore #wind generation envisaged under the #RenewableEnergyDirective and #Fitfor55—gas demand could be even lower than the IEEFA forecast According to Institute for Energy Economics and Financial Analysis (IEEFA) analysis: ⚠️  EU #LNG #regasification capacity might be excessive -  The EU’s LNG capacity in 2023 was equivalent to 65% of its gas demand  -  By 2030, the EU’s LNG regasification capacity will be higher than its gas demand, according to all forecasts 📉  EU LNG #imports could make up less than 30% of its gas demand by 2030 -  In 2023, LNG supplied 40% of the EU’s gas demand -  In 2030, LNG could make up only 27% of the EU’s gas demand  More data about European LNG: https://lnkd.in/e4HYjsXt

#UAE Energy Landscape The Gulf nation aims to become self-sufficient in #gas supply by 2030. Find out how they are doing this: https://lnkd.in/gQgR-NvE