Articles & Video
Gas likely to get off lightly as shareholders and courts press Big Oil to accelerate energy transition plans
Successful shareholder revolts and legal action are piling pressure on the big publicly traded oil and gas companies to accelerate energy transition plans. This is encouraging the sale of dirty oil-focused assets to private and national oil companies, along with a future investment preference for lower carbon and gas projects – which could result in an increased weighting towards light oil, gas, and LNG among the majors’ future fossil fuel portfolios. Nevertheless, it may mean more gas gets left in the ground in the end.
New IEA report pressures industry to speed transition
In May, the IEA released a transformational road map on how the global energy system could transform and achieve net-zero carbon emissions by 2050. Its recommendations include no new upstream projects, and, of course, a dramatic ramp up in investment in renewables and other low carbon alternatives. Gas fares better than oil, with gas demand continuing to rise until the mid-2020s, but it then halves from that peak by 2050, highlighting the risk of stranded assets and encouraging investors to focus on alternatives now.
Gas industry begins to move towards hydrogen.
Green and blue hydrogen projects are sprouting up all around the world, especially in Europe, with the low-carbon fuel increasingly seen as a key element in the energy transition. But, while its’ accelerating growth could be accompanied by a corresponding pick-up in the phase out of natural gas, hydrogen does provide opportunities for those in the gas sector, not only in terms of extending the lifetime of some infrastructure and creating new opportunities in CCS, but also in providing a new market for methane as a feedstock for blue hydrogen production.
The next wave of LNG
Released from FLAME Virtual
Join Total, Sempra LNG, Fluxys and OIES and watch their detailed discussion on the future of LNG after the crash in oil prices.
Decarbonisation LNG (or gas) value chain: is it a new reality?
Released from FLAME Virtual - hear from company represenatives at Elevate LNG, Origin Energy, and ERM on the decarbonisation of LNG and gas value chains, and how low carbon is becoming a reality.
Opportunities for gas in the energy transition
Demand growth in gas and particularly LNG markets is expected to continue as policy tightens up around CO2 emissions, and new frameworks such as the EU Green Deal drive countries towards widespread net-zero targets. But gas advocates say it is important that a level playing field for all lower carbon solutions is established, and acknowledge that the decarbonisation of gas will become increasingly important to ensure markets keep growing longer-term.
Coronavirus resurgence weighs on oil demand and tanker earnings
Stalling crude demand may deepen contango trades, but doubts emerge this will offset lower-than-anticipated exports and lift tanker earnings.
Challenges, barriers, and the costs of the EU hydrogen strategy
We caught up with energy policies and market consultant, Andrei Belyi, to examine the challenges, barriers, and the costs of the EU hydrogen strategy moving forward.
[WEBCAST] The future of clean and sustainable hydrogen in Europe
In this webcast Nienke Homan and Professor Ad van Wijk discuss the development of a hydrogen economy in Europe, the pioneering Hydrogen Valley in the Northern Netherlands, and the likely impact of the EU Hydrogen strategy.
[WEBCAST] Will the COVID-19 pandemic lead to a structural change in LNG markets?
In this webcast, Dr. Vakhshouri explores the likelihood of a structural change in LNG markets due to the COVID-19 pandemic.
[WEBCAST] Driving the energy transition by unlocking talent A conversation with Tatiana Mitrova
Presented by the Flame conference in association with Women in Energy, Climate and Sustainability (WECS), this hour long online discussion will feature energy transition expert Tatiana Mitrova.
[WEBCAST] US LNG industry health check: Oversupply, project timelines and oil-price impacts
Join us for an in-depth webinar covering shut-ins and cancelled cargoes, the impacts of oil price volatility, the implications of falling spot prices for markets in the long-term, and possible consequences for US projects still in the pipeline.
[WEBCAST] How to operate in the current LNG market: COVID-19, contracts and pricing
How will the industry respond to current challenges? What contractual flexibility are market participants seeking, what are buyers’ price aspirations, and when can the market expect to see demand start to recover? Who will be the winners and losers?
Covid-19 pandemic could not have come at a worse time for the LNG industry
An oversupply of LNG, along with mild winters and record high stock levels pushed gas prices around the world to their lowest levels on record earlier this year. The industry has now entered a phase of survival and adaptation.
3 factors affecting hydrogen's future in decarbonising Europe in 2020
Hydrogen is increasingly seen as a critical component in the future net zero energy system. Costs are falling faster than expected and the first green hydrogen schemes are being put together.
Flame conference and WECS announce Women at Flame Summit
In order to provide a platform for dialogue on gender equality in global gas and LNG sector, Flame and the Women in Energy, Climate and Sustainability (WECS) Foundation are launching the Women at Flame Summit, being held on 11 May 2020 on the side-lines of the Flame Conference.
Four common misconceptions about the LNG industry
Do you have any long-cherished beliefs about the LNG industry which may not be grounded in fact? Last month at the LNG Global Congress, we caught up with four experts from across the industry to find out about some of the common misconceptions they have encountered. From US exports, to air pollution, to the economics of LNG vs pipeline gas, their answers may just get you to look a little differently at the LNG trade.
New approaches to LNG trading will challenge the role of price reporting agencies
The LNG market is in the process of developing from a structure dominated by long-term, destination restricted contracts to a mature commodity market characterised by gas-to-gas price indexation, destination flexible cargoes and multiple liquid regional hubs. Speaking at the LNG Global Congress in London last week, traders explained how innovative approaches to managing risk and improving regional pricing transparency are assisting in the market’s development.
Flaring, venting and fugitive emissions will be increasingly relevant to the European gas debate
Minimising methane emissions along the LNG supply chain and reducing incidence of flaring and venting will be critical objectives for natural gas suppliers Europe, senior industry figures agreed at the LNG Global Congress in London this week.
North West Europe needs new midstream gas infrastructure to support the rise of renewables
Europe’s increasing dependence on natural gas imports (which accounted for 54% of European gas supply in 2018), combined with growing reliance on natural gas to stabilise the power grid at higher penetrations of variable renewables, are undermining the flexibility of the gas system.