The global gas hydrates market is expected to register substantial growth at a CAGR of 5.4% from 2023 to 2033. The global market is anticipated to be valued at US$ 2,571.2 million in 2023. It would further reach a valuation of US$ 4,350.5 million by the end of 2033. The global gas hydrates market was valued at US$ 2,455.1 million in 2022. The growth of the market is primarily driven by significant growth in end-use applications.
Feature Articles
Hazer Nets $9.45M Tax Incentive Refund
The Hazer Group has announced the approval of its FY2022 Research and Development (“R&D”) tax incentive refund of $9.45 million.
GECF Report Says Saving Energy Security was a Bigger Concern than Kicking Climate Change Goals in 2022
THE Gas Exporting Countries Forum has launched the fourth edition of its Annual Gas Market Report and says energy security took precedence over climate change mitigation goals in 2022.
Tamboran Says it’s Business as Usual in the Betaloo in Spite of Shifting Political Sands
Tamboran Resources says the Safeguard Mechanism reforms passed by the Federal Parliament are generally in line with recommendations made under the independent Scientific Inquiry into Hydraulic Fracturing of Onshore Unconventional Reservoirs in the Northern Territory (the Pepper Inquiry).
Germany Unveils Plan to Diversify LNG Imports and Secure Independence from Russian Gas
The German gas transmission system operators (TSOs) has presented a draft Gas Network Development Plan 2022-2032, which reflects the fundamental shift in Germany’s energy supply. The proposal is designed to facilitate the changes needed for the network to accommodate the new LNG supplies into Germany and Europe and allow greater use of western import routes while also reflecting reduced gas demand as well as efforts to switch to hydrogen with a view to making Germany fully independent of Russian gas.
Eight new LNG carriers Will Feature Wärtsilä Reliquefaction Systems
Technology group Wärtsilä says it continues to strengthen its established position as a major supplier to the LNG carrier vessel sector. Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
These eight vessels will be owned by various leading global shipping companies. The orders by Hudong Zhonghua Shipyard were booked into Wärtsilä’s order intake in Q1 2023.
Wartsilia said the selection of Wärtsilä solutions reflects the industry’s focus on efficiency and reduced environmental impact as a means for decarbonising marine operations.
Graforce a winner at Petronas Race2Decarbonise for groundbreaking solution
Out of more than 500 global solutions, Graforce was recognized at the Petronas Race2Decarbonise with its methane electrolysis technology (plasmalysis) in the category “Gas Flaring Reduction or Elimination.” The competition is aimed at accelerating the development of low-carbon solutions and reducing greenhouse gas emissions.
“Europe accounts for only 2 percent of global routine gas flaring, but the European Union is considering regulation to end routine flaring and venting”
Gas flaring results in more than 400 million tons of CO2 emissions every year.
CGG, TGS and BGP Complete Phase IV of 3D Multi-Client Survey Offshore Suriname
CGG, in a consortium with TGS and BGP, has announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname.
Jane Norman Commences as CEO and Managing Director of Cooper Energy
The Board of Directors of Cooper Energy (ASX: COE) is pleased to announce the commencement ofMs Jane Norman as CEO and Managing Director after the retirement of veteran industry stalwart David Maxwell.
Cooper Energy Chairman Mr John Conde AO commented: “We are delighted Ms Norman has commenced as the new Managing Director and CEO of Cooper Energy. Jane is highly regarded in the industry and her extensive experience makes her the ideal person to lead Cooper Energy as we pursue our strategy to become a leading Australian supplier of natural gas and to succeed in the energy transition.”
APPEA: Australia Risks Its Reputation for Reliability on ADGSM
Australia has established itself as a trusted energy and economic partner in the region and a reliable, stable investment destination. The role of gas is widely acknowledged by governments in our region as being critical to ensuring energy security and in the region’s transition to a net zero emissions future with Australian liquefied natural gas (LNG) representing a key pillar of regional energy supply. The importers of Australian natural gas are key investors in the gas sector and in the LNG projects themselves, as well as in Australia’s economy more broadly.