In the short term, at least, Europe will remain dependent on Russian gas supplies for its energy needs.
Industry
Russia-Ukraine crisis boosts US LNG exports, but Australia ships fewer cargoes to Asia
According to Bloomberg (13 February) the “US Is Exporting Every Molecule of LNG Possible”, due to the crisis in Europe (Bloomberg, 13 February).
‘Lack of investment today will make gas unaffordable tomorrow’
With the world deeply mired in an uncertain environment, lack of investment in gas will add to the range of uncertainty surrounding the energy transition, said HE Eng. Mohamed Hamel, the Secretary General of the Gas Exporting Countries Forum (GECF).
Collaboration agreement delivers special APPEA Conference rates for PESA members
PESA has concluded a contra agreement with APPEA giving members a special discounted rate to attend the biggest oil and gas conference in Australasia at the Brisbane Convention Centre in May.
Cyber Attack strikes German fuel distributor
Key German fuel distributor, Mabanaft GmbH & Co. KG, has revealed that their IT systems were breached, resulting in disrupted payments at hundreds of filling stations across Europe.
Port of Hamburg plots a Hydrogen development pathway
The Port of Hamburg is cooperating with the world's largest hydrogen producer to expand comprehensive hydrogen value chain.
High EPC spend stimulated the offshore rig market in 2021
Westwood Global Energy Group has revealed that the global offshore rig market closed out 2021 up 200% in activity from the previous year.
Marcellus and Utica shales expected to witness steady production growth until 2025
The Marcellus and Utica shales in the USA were largely unaffected by COVID-19 and natural gas production at these sites is expected to rise at a compound annual growth rate of 5.1% by 2025.
UK Court rejects legal challenge of OGA strategy
The Oil and Gas Authority in the United Kingdom has welcomed a High Court ruling which dismissed environmentalists’ challenge of the regulators’ strategy.
Hydrogen Economy Hints at New Global Power Dynamics
IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.