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Overview of Natural Gas Markets: An introduction to the structure and key players in natural gas markets globally. The natural gas market is a critical component of the global energy sector, characterized by a complex structure and diverse array of key players. **Structure of the Market:** Natural gas markets operate through a series of stages: production, processing, transportation, distribution, and consumption. The upstream segment involves exploration and production, where companies locate and extract natural gas from reservoirs. This gas often needs processing to remove impurities before it is suitable for transportation. The midstream sector handles transportation via extensive pipeline networks or as liquefied natural gas (LNG) on specialized ships. Finally, the downstream sector includes distribution to end users, whether they be industries, power plants, or residential customers. **Key Players:** 1. **Producers**: Major producers include state-owned entities like Gazprom in Russia and Saudi Aramco, as well as private firms such as ExxonMobil, Shell, and BP. These companies are responsible for extracting and initially processing the gas. 2. **Transporters**: Pipeline operators, such as Enbridge in North America or the Trans-Siberian Pipeline consortium, manage the intricate networks needed to move natural gas from production sites to consumption areas. LNG transporters, like QatarGas, manage the liquefaction and shipping processes for global distribution. 3. **Distributors and Utilities**: Local distribution companies (LDCs) deliver gas to consumers. Examples include Centrica in the UK and Sempra Energy in the US. Utilities often have a role in both the distribution and marketing of natural gas to end users. 4. **Regulators**: Governments and regulatory bodies, such as the Federal Energy Regulatory Commission (FERC) in the US and the European Commission, set rules and standards to ensure safe, reliable, and fair market practices. 5. **Consumers**: Power generation companies, industrial users, residential users, and increasingly, transportation fleets (in the form of CNG or LNG) comprise the primary consumers of natural gas. Natural gas markets are influenced by geopolitical factors, technological advancements, and environmental policies, which affect supply, demand, and prices globally. The shift towards cleaner energy has also positioned natural gas as a 'bridge fuel' in the transition from coal and oil to renewable energy sources.

Australia’s oil and gas sector is urging the government to prioritise unlocking new gas supplies in the upcoming Federal Budget to avert projected shortages, ease cost-of-living pressures, and secure economic and emissions reduction benefits from abundant natural gas resources. The Australian Energy Producers, in their budget submission, emphasised the critical need for a comprehensive plan to address looming shortfalls on both coasts and ensure a steady supply of affordable and reliable energy for households and businesses. More details in Australian Manufacturing: https://lnkd.in/gbm3YJ66 #oilandgas #gas #energy #supply #demand

In 2023 U.S. natural gas consumption reached a record 33.6 quads in 2023, largely because of increased use for electricity. Petroleum remained the most-consumed fuel in the United States, as it has been for the past 73 years, according to US Energy Information Administration. #OilAndGas #Energy #FossilFuels #Petroleum #NaturalGas #Oilindustry #EnergyIndustry #Drilling #OilPrices #GasPrices #EnergySector #OilandGasJobs #EnergySecurity #OilProduction #EnergyTransition #LNG #RockyMountainOil #WesternSlopeEnergy #RockiesOilAndGas #ColoradoOil #WesternSlopeOil #RockyMountainDrilling #RockyMountainNaturalGas #WesternSlopePetroleum #RockyMountainEnergyIndustry #MountainRegionGas

The duo has been developed as #subsea tie-backs to Talos Energy’s tension-leg platform (TLP) in the #GulfofMexico. #oil #gas #energy #oilgas #offshore #USA #oilandgasnews #Americanenergy #oilandgas #America #offshoreenergy

Our 2023 Fourth Quarter Energy Focus Report is a three (3) part report providing a concise analysis of the Oil & Gas, Renewable Energy Sectors and the Outlook for 2024 The Report covers the following areas: 1. Oil and Gas Sector a. Analysis of Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) Proposed Revocation of Oil Exploration Leases b. Review of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Gas Trading and Exchange Regulation 2. Renewable Energy Sector a. Implications Of Nigeria's Commitments at Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change b. Hydrogen Fuel as a Competitive Alternative to Gasoline and Diesel in Nigeria 3. Outlook for 2024 a. Impact Analysis of Refineries' Revamp on Domestic Oil Supply b. Highlights of Expected Changes to the Nigerian Electricity Sector Industry (NESI) i. State Electricity Markets ii. Standard Transfer Specification - Token Identifier (STS TID) Meter Rollover Click on the link below to view the full report. #energy #power #electricity #renewableenergy #oilandgas #geplaw #gep #nigeria

Just read some great insights from Baker Hughes on LNG and its latest technologies on COMPRESSORtech2. We are focusing on more efficient, compact and modular solutions, like our LM9000 aeroderivative gas turbines and NMBL modules. These innovative technologies aim to make LNG production more efficient and sustainable. These new modular setups can be deployed quickly and are ideal for both onshore and offshore applications. At the same time, emissions abatement is a key concept for Baker Hughes in the LNG value chain, and it's recently being applied for the whole natural gas industry. To meet our expectations we have been focusing on efficiency, electrification and new energy solutions - these include hydrogen; carbon capture, reutilization, and sequestration, and integration of renewable power sources. It's exciting to read about how our innovative technologies are contributing to the improvement of the LNG value chain and the industry. Read more on here 👉 https://lnkd.in/dBH663qQ #LNG #IndustryTrends #CCUS #EnergyTransition #EnergyIndustry #EnergyForward #WeAreBakerHughes

Romania: OMV Petrom and Romgaz need to develop a CCS capacity The largest oil and gas companies in Romania, OMV Petrom and Romgaz, need to develop carbon capture and storage (CCS) capacities of 9 million tonnes per year out of a total target of 50 million tonnes for the entire European Union by 2030, under the Net Zero Energy Industry Act, according to the National Oil […] https://lnkd.in/dG2DTH9Z

Just read some great insights from Baker Hughes on LNG and its latest technologies on COMPRESSORtech2. We are focusing on more efficient, compact and modular solutions, like our LM9000 aeroderivative gas turbines and NMBL modules. These innovative technologies aim to make LNG production more efficient and sustainable. These new modular setups can be deployed quickly and are ideal for both onshore and offshore applications. At the same time, emissions abatement is a key concept for Baker Hughes in the LNG value chain, and it's recently being applied for the whole natural gas industry. To meet our expectations we have been focusing on efficiency, electrification and new energy solutions - these include hydrogen; carbon capture, reutilization, and sequestration, and integration of renewable power sources. It's exciting to read about how our innovative technologies are contributing to the improvement of the LNG value chain and the industry. Read more on here 👉 https://lnkd.in/dva4D4pw #LNG #IndustryTrends #CCUS #EnergyTransition #EnergyIndustry #EnergyForward #WeAreBakerHughes

The Ministry of Energy and Energy Industries has advised that natural gas production for the month of June 2024 was impacted by the conduct of planned maintenance activities by three of the major upstream gas producers resulting in a 22% reduction in production when compared to the previous month. The Ministry also indicated that since the completion of these activities, preliminary data shows that natural gas production for the month of July 2024 increased to 2.3 bcf/d and further increased to 2.7 bcf/d in August https://lnkd.in/eYZPCnKi Read more: https://lnkd.in/eYZPCnKi #energynow #energynews #energychamber #naturalgas #trinidadandtobago #bp #shell #woodside #meei

The George Etomi & Partners Energy Focus Report for Q3 2023 and outlook for 2024 highlights and analyses sailient industry developments and forecasts the outlook of some key areas in the industry for 2024. Access the report below.