Industry professionals ‘confident about future of gas’

Most oil and gas professionals are confident about the role of natural gas up to 2050. That’s according to a  new report published by the Energy Institute, which explores the opinions of almost 200 industry leaders towards reducing the climate change impacts of the fuel. Those responding to the survey said carbon capture and storage (CCS) […]

US fossil fuels production ‘to reach record levels’

Fossil fuels production in the US is expected to reach record levels in 2018 and 2019. The Energy Information Administration (EIA) forecasts it to average almost 73 quadrillion British thermal units (Btu) this year and rise to 75 quadrillion Btu in 2019. That includes production of natural gas, crude oil, coal and hydrocarbon gas liquids […]

Natural gas to remain primary energy source in US

Natural gas is to remain the primary source of electricity generation in the US for at least the next two years. That’s the forecast from the Energy Information Administration (EIA), which expects the share of total power supplied by natural gas-fired power plants to average 33% in 2018 and 34% in 2019. That’s an increase […]

ENGIE ‘plans switch to 100% green gas by 2050’

French utility ENGIE is reportedly planning to ditch natural gas by 2050. Chief Executive Isabelle Kocher told reporters the company is aiming to switch all of its gas operations to biogas and renewable hydrogen during that period. The company has around 70 biogas projects worldwide, including 40 in France. It estimates biogas from agricultural and […]

Eight energy firms pledge methane reductions from natural gas

BP, ExxonMobil, Shell, Statoil and Total are among eight energy companies that have committed to further reduce methane emissions from their natural gas assets. The firms, which include Eni, Repsol and Wintershall, have also agreed to encourage others across the natural gas value chain – from production to the final consumer – to follow suit. […]

China to lead growth in global natural gas use

The use of natural gas is expected to grow to 485 billion cubic feet per day (Bcf/d) by 2040, primarily in Asia and the Middle East. That’s an increase from 340Bcf/d in 2015, according to latest projections from the US Energy Information Administration (EIA). China is forecast to account for more than a quarter of […]

World Bank forecasts higher oil price in 2018

The price of oil is forecast to increase to $56 (£42.8) a barrel next year. The $3 (£2.3) a barrel increase is a result of steadily growing demand, agreed production cuts among oil exporters and stabilising shale production in the US, according to the World Bank. The forecast is however a small downward revision from […]

Natural gas ‘to play key role in global decarbonisation’

Natural gas will play a key role in the global transition to a cleaner and more flexible energy system. That’s the forecast from the International Energy Agency (IEA), which suggests it is the only fossil fuel that will maintain its share of the energy mix in the next few decades, as policies to reduce air […]

Could leaks mean natural gas is more emissions intensive than coal?

Methane leaks during the extraction of natural gas could make the fuel a larger contributor to global warming than coal generation. That’s according to new research from the Journal of Geophysical Research, which suggests although burning natural gas only produces about half as much carbon dioxide per unit of energy as coal, the methane contained […]

Increased US LNG exports ‘could be worth $73bn’

Increased US natural gas exports could add up to $73 billion (£55.9bn) to the nation’s economy by 2040. That’s according to the American Petroleum Institute (API), which suggests this growth could support up to 452,000 additional American jobs. The group estimates the greater use liquefied natural gas (LNG) across the world would reduce global greenhouse […]