Surplus Gas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The first phase of the Congo LNG project is expected online in December this year. [Image: Eni]

Sitting on some of the world’s largest gas reserves, the UAE has never been short of gas potential, yet it remains a substantial net importer. This looks set to change by the second half of the decade, suggesting a need to firm up its plans for expanded LNG exports. [Gas in Transition, Volume 3, Issue 5]

The company's realised oil price was sharply lower during the quarter.

A European pivot away from Russian gas would create a huge demand-side boost to the global LNG market, but can supply respond? The EU has the regasification capacity to increase LNG imports by 60bn m3 a year, says the IEA, but its analysis suggests only 20bn m3 is practically possible. [Gas in Transition, Volume 2, Issue 3]

From a record number of final investment decisions (FIDs) on new liquefaction capacity in 2019 to almost no approvals in 2020, the ups and downs of the LNG market are weeding out the weak from the strong this year. Nowhere is this more evident than in the Brownsville Ship Canal area of Texas. NextDecade, the developer of the Rio Grande project, is all set to proceed, but still needs to nail down additional offtake agreements to secure finance in an LNG market beset by uncertainty. [Gas in Transition, Volume 1, Issue 1]