Engineered Salinity - ESal’s Post

The Australian Department of Industry, Science and Resources is developing a "Future Gas Strategy", and is seeking advice on their Consultatiin Paper. Extract: The Future Gas Strategy aims to: 🔥 Support decarbonisation, including reaching our target of 43% reduction in emissions below 2005 levels by 2030 and net zero by 2050 🔥 Promote Australia's energy security and affordability 🔥 Maintain Australia’s trade relationships, ensuring we remain a reliable and trusted supplier of Liquified Natural Gas (LNG) to our region and build our clean energy exports 🔥 Help our trade partners on their own paths to net zero. The Department welcomes feedback from anyone with an interest in the role gas could play in the future, including: 👉 Gas producers 👉 Domestic consumers 👉 International consumers 👉 Distributors and LNG import terminal project proponents 👉 The community and general public. Discussion topics: 1. Seeking your views on gas DEMAND: ✔️ In Australia’s transition to net zero ✔️ To generate electricity ✔️ In homes and small businesses ✔️ In manufacturing ✔️ In the world’s transition to net zero. 2. Seeking your views on gas SUPPLY, including: ✔️ Oil and gas regulation ✔️ Carbon capture and storage ✔️ Transportation and infrastructure ✔️ Workforce and LNG facilities ✔️ Our domestic market. Submissions close 13 November 2023. Further information: https://lnkd.in/gB9_7nCf

Registration is open for the second annual Wood Mackenzie Gas, LNG & The Future of Energy Conference in the City of London from 22-23 October 2024. Benefit from a global perspective on agenda themes including: • The State of the Gas / LNG Industry: Understand the key market trends and uncertainties that currently exist and what the future holds in Europe, the US, Asia and the Middle East • A System in Flux: Get the latest on the challenges the industry is facing, from geopolitics to financial barriers and cost inflation • The Race to Net Zero: The future of gas and LNG in the energy transition and the realities of reaching net-zero with gas as a ‘transition fuel’. Gain insight on how emerging economies vs advanced economies are using gas and LNG to meet their net-zero pledges • Realities of Decarbonisation: Exploring how the industry is decarbonising the supply chain with technology and innovations Find out more at the link below. #ads #lng

Global Energy Supplies For today’s article, I will be discussing the global energy supplies, particularly natural gas, in the gas market for North America and Europe, particularly regarding the current energy environment in 2023 and early 2024 and the effects the Ukraine war has had on oil prices. The United States of America is one of the world’s largest natural gas producers and is a net exporter. Thanks to the shale revolution in the 2000s, the USA is energy-independent and no longer reliant on oil sources outside the American continent. What that meant for the United States was its access to cheap and… https://lnkd.in/g7xewXs7

The ACCC warns that Australia's east coast gas market may face supply shortfalls as early as 2027 unless new sources of supply are developed. Despite a forecasted surplus for 2025, increased gas consumption and production delays could lead to earlier shortages. The situation highlights the need for new supply sources and efficient policy measures to ensure energy security Read about it here: https://lnkd.in/gW8CcJjU Source: ACCC Mentions: Anna Brakey, Australian Energy Market Operator (AEMO) , Eraring Energy #EnergyCrisis #GasSupply #EnergyPolicy #RenewableEnergy #AusEnergy

New gas pipeline on the horizon through a Turkey-Azerbaijan joint venture. https://okt.to/M8xfpB #engineering #Manufacturing #energy #gasindustry #DHLGlobalForwarding #OrderManagementSolutions

Experts say that journey could take at least two decades, however, and oil and gas will play an important role in the global energy mix through 2050. #energytransition #oil #renewablenergy

Woodside Energy Group Ltd. has agreed to sell a 15.1% stake in its Scarborough liquefied natural gas project to JERA Co., Inc., Japan's largest power producer, for $1.4 billion. The deal includes a purchase price of $740 million and reimbursement for spending on the project which is located off the coast of Western Australia. The purchase made by JERA Co., Inc. indicates the increasing importance and confidence of Japanese customers in the long-term demand for the project. Japan, the world's second-largest LNG buyer, is securing more gas as a result of the 2022 energy crisis and is urging companies to invest in projects and lock in supply. Download our 2024 Event Brochure to find out more: https://lnkd.in/gVAu7THs Brought to you by dmg events: Energy Portfolio - organiser of ADIPEC Exhibition and Conference, Gastech 2024, Global Energy Show Canada, and Future Energy Asia Exhibition & Summit. #JapanEnergySummit #LNG #EnergySecurity

#naturalgas #Australia #energytransition Australia’s transition to net zero is being threatened by the limited availability of local natural gas supply, one of the country’s biggest energy infrastructure operators. “Without gas, we’re going to see major disruptions to energy security and costs will increase. Without gas, we’ll be keeping the coal and diesel generators going for a long, long time,” the chief executive of APA Group said at an industry conference this week in a stark warning that Australia had a “desperate need” for new gas supply. He also criticized the idea of building import terminals for liquefied natural gas in Australia, when there is an abundance of local gas supply. It is this gas supply that has made Australia one of the world’s largest LNG exporters. Adam Watson went on to point out that several provinces are extending the lives of their coal power plants instead of switching to gas because there is not enough gas—betraying the purpose of the energy transition. Source: OilPrice.com 👇👇👇 https://lnkd.in/dWZrZQMH #globalenergy #gas

ENERGY, OIL&GAS

According to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2023, under favorable economic, supply, and oil price assumptions, U.S. natural gas production continues to grow. In the EIA’s reference case, U.S. natural gas production increases by 15% from 2022 to 2050 with domestic production expected to outpace domestic consumption. Natural gas exports are expected to satisfy growing international demand for natural gas, encouraging growth in domestic natural gas production. A significant portion of production growth is due to liquefied natural gas (LNG) export demand, which drives the overall increase in natural gas exports. At Intrepid Resources, we are committed to natural gas as part of an integrated energy strategy that promotes self-sufficiency, strengthens national security, and reduces exposure to external energy risks.