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EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

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billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2 New LNG export capacity, primarily in the US, and rising global demand for natural gas drove continued growth in global LNG trade last year. Global LNG export capacity has increased by 29%, or 14.0

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EIA: US LNG exports grew to record highs in the first half of 2021

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Rising global LNG demand once COVID-19 restrictions began to ease, as well as continuous unplanned outages at LNG export facilities in several countries (including Australia, Malaysia, Nigeria, Algeria, Norway, and Trinidad and Tobago), also contributed to increased US LNG exports.

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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. —Jon Moore, CEO of BNEF.

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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. Taking the global trading of hydrogen as an exemplar, the report identifies substantial potential benefits for exporting and importing countries, particularly in the Global South.

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Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years. With the equity stake in the Cameron LNG project, Total will also become an integrated player in the US LNG market, where the Group is already a gas producer. This transaction will bring to Total: 2.5

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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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In addition to the United States, this group includes Canada, Mexico, China, Australia, Libya, Algeria, Argentina, and Brazil. The second group is those countries that already produce substantial amounts of natural gas and also have large shale resources. A hat-tip to John!

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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. Financial markets divest fossil-fuel assets and reallocate capital to low-carbon firms. A wave of green globalization allows all countries to share in the benefits of decarbonization.

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