This Could Be The Most Exciting Natural Gas Play in Europe
LONDON, February 29, 2024 /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control. Companies mentioned in this release include: Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).
- Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
- Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
- Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
- Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.