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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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ExxonMobil projects natural gas will overtake coal as second most widely used source of energy by 2025

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By 2025, ExxonMobil predicts natural gas will overtake coal to become the second most widely used source of energy worldwide. This historic shift of global energy markets toward increased use of natural gas will create new opportunities for economic growth and environmental progress, said Rex W. —Rex Tillerson.

Coal 244
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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

Mariner 427
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Malaysia PETRONAS makes strategic entry into Canada with C$1.07 purchase of shale gas assets; LNG export JV

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PETRONAS, through wholly-owned subsidiary PETRONAS International Corporation Ltd (PICL), has reached an agreement to form a strategic partnership with Canada-based Progress Energy Resources Corporation to develop the Altares, Lily and Kahta shale gas assets in northeastern British Columbia. billion (RM3.32 billion, US$1.1

Canada 186
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Lux: California’s Low Carbon Fuel Standard will become a global phenomenon; carbon intensity, not volume

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California’s approach to transportation fuel policy—its Low Carbon Fuel Standard (LCFS)—will become a global phenomenon, suggests Lux Research. Currently the biofuels industry is driven primarily by the abundant availability of bio-based resources enabling the production of ethanol and biodiesel.

Carbon 150
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Evonik and LanzaTech working on bio-processed precursors for specialty plastics

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Evonik Industries and LanzaTech have signed a three-year research cooperation agreement which will see Evonik combining its existing biotechnology platforms with LanzaTech’s synthetic biology and gas fermentation expertise for the development of a route to bio-processed precursors for specialty plastics from waste-derived synthesis gas.

Malaysia 218
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EPA finds that both biodiesel and renewable diesel from palm oil fail to meet GHG reduction threshold for RFS program

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Consequently, neither palm oil-based biofuel qualifies as meeting the minimum 20% greenhouse gas (GHG) reduction performance threshold required for renewable fuel under the RFS program. EPA used the same general approach to estimate global land use change GHG emissions from. Simplified palm oil biofuel lifecycle system diagram.

EPA 268