Role of gas in decarbonisation highlighted in IHS Markit study

pipeline AdobeStock 60814173The inherent versatility of gas infrastructure – particularly its ability to be converted to carry low-carbon fuels in the future – creates an opportunity for gas to be a “second pillar of decarbonisation” alongside renewables over the long-term, according to a new study by IHS Markit 

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Paris Agreement's net zero target to impact oil and gas market, says GlobalData

AdobeStock 195003125Hydrocarbon demand is set to fall in the coming decades, as a result of the initiatives undertaken by governments who have signed the Paris Agreement, says GlobalData's latest report

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Sound Energy announces Phase 1 Development LNG sale in North Africa

LNG Morocco 29Sound Energy, Morocco-focused upstream gas company, has announced the signature of a binding 10 year LNG sales agreement for the Phase 1 development covering the sale of around 100 million cu/m of gas in a liquified form per year

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Qatar Petroleum among the highest producers of offshore natural gas by 2025, suggests GlobalData

AdobeStock 177149454GlobalData's latest report 'Global Offshore Upstream Development Outlook, 2021–2025’ reveals, Qatar Petroleum, National Iranian Oil Co, and Royal Dutch Shell Plc will be some of the highest producers of offshore natural gas, with production quantity of 2.6 bcf, 2.4 bcf and 1.2 bcf respectively, in 2025, from planned and announced projects

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Natural gas demand growth set to slow in coming years, says IEA

AdobeStock 312531927Global gas demand is expected to rise by 3.6% in 2021 before easing to an average growth rate of 1.7% over the following three years, according to the IEA’s quarterly Gas Market Report, which also provides a new medium-term forecast

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