India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts data and analytics company GlobalData.
Industry
Global Gas Hubs Still Seeing Red Despite Red Sea Attacks
Red Sea tensions could significantly impact Europe’s LNG deliveries, but a TTF price jump was short-lived as fundamentals keep gas prices muted.
Tamboran Making Progress on Key Pipeline Agreements with APA Group
In an update to the market, Tamboran Resources Managing Director and CEO, Joel Riddle, said he was “excited" to progress a June 2023 Letter Agreement with APA Group into binding early development and partnership agreements that support the development of Tamboran’s Beetaloo Basin assets in the Northern Territory.
Gas sector Delivers Supply as ACCC Issues Wake-Up Call For Governments
Australia’s gas industry has fulfilled its commitment to the domestic market as the Australian Competition & Consumer Commission (ACCC) again warns governments of the need for new gas supply to avoid east coast shortfalls in coming years.
Oil and Gas Industry Thanks Outgoing WA Minister Bill Johnson
Western Australia’s oil and gas sector has thanked outgoing Minister for Mines and Petroleum; Energy; Hydrogen Industry; Industrial Relations Bill Johnston MLA, for his strong support and commitment to the industry.
Ready for the Downhill Run?
For the past nine calendar years, every year, Australia has seen a new production record, but the streak will end in 2023, and it’s unlikely we will see another record.
Tepid Demand and High Storage Levels Keeping Natural Gas Prices Down
Rystad Energy’s Gas and LNG Market Update from Senior analyst Lu Ming Pang has revealed a slump in Title Transfer Facility (TFF) prices.
CCS Hub Aliance Decarbonisation Solution for Hard to Abate CO2 Emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure have formed the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonisation solutions to hard-to-abate CO2 emitters.
Still Bearish Despite LNG Disruptions, Cold Snap, Says Rystad Energy’s Gas and Market Update
Wei Xiong
Senior Analyst
Despite freezing temperatures in Northwest Europe and delivery disruptions at Australia Pacific LNG due to vessel outages, Title Transfer Facility (TTF) prices were down 8.7% to $13.71 per million British thermal units (MMBtu) on 28 November from the previoius week’s highest level.
Ongoing bearish sentiment is due to a muted gas demand outlook and ample inventories in the northern hemisphere.
Underground gas storage facilities in Europe were 97.4% full...
H2SITE and Gold Hydrogen Sign MoU for Natural Hydrogen Pilot Plant on the Yorke Peninsula
H2Site and Gold Hydrogen have signned a MoU to develop a natural hydrogen pilot plant on the York Peninsula,