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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

Gas 243
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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Map of basins with assessed shale oil and shale gas formations, as of May 2013. The report also estimates technically recoverable shale gas resources of 7,299 trillion cubic feet—10% higher than an estimate in an earlier 2011 report on recoverable shale gas resources. Source: US EIA. Click to enlarge. Report terminology.

Oil 281
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Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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Map of 48 major shale gas basins in 32 countries. Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions.

Gas 210
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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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A lifecycle study by consultancy thinkstep, commissioned by SEALNG and SGMF, has found that greenhouse gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels, over the entire life-cycle from Well-to-Wake (WtW).

Mariner 220
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. This scenario assumes a full global consensus for action on climate change. A wave of green globalization allows all countries to share in the benefits of decarbonization. Saudi Arabia and Kuwait might, and should be encouraged to do so. —Goldthau et al.

Carbon 207
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Opinion: How Much Longer Can OPEC Hold Out?

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However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. (Source: opec.org). All is not well for OPEC. Venezuela’s Woes.