International Gas Union

Global Gas Report 2023: The unprecedented demand uncertainty and insufficient level of investment in natural gas, low-carbon, and renewable gases are putting the energy transition at risk, undermining energy affordability, security, and sustainability.

Retrieved on:

Thursday, October 19, 2023

Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond.

Key Points:

Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond.
A strengthened focus on comprehensive energy planning, low-carbon gases development, robust conservation measures to reduce demand, and CCS will determine the success of the energy transition.
As a consequence of the supply and price shocks coming on the heels of the Russia-Ukraine crisis, global gas demand decreased by 1.5% in 2022 compared to 2021.
Global gas production in 2022 stayed flat with a marginal 8.3 Bcm or less than 0.5% uptick, keeping the global gas in short supply.

Global Gas Report 2023: The unprecedented demand uncertainty and insufficient level of investment in natural gas, low-carbon, and renewable gases are putting the energy transition at risk, undermining energy affordability, security, and sustainability.

Retrieved on:

Thursday, October 19, 2023

Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond.

Key Points:

Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond.
A strengthened focus on comprehensive energy planning, low-carbon gases development, robust conservation measures to reduce demand, and CCS will determine the success of the energy transition.
As a consequence of the supply and price shocks coming on the heels of the Russia-Ukraine crisis, global gas demand decreased by 1.5% in 2022 compared to 2021.
Global gas production in 2022 stayed flat with a marginal 8.3 Bcm or less than 0.5% uptick, keeping the global gas in short supply.

The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report

Retrieved on:

Thursday, September 21, 2023

IGU, Post-Soviet states, International Gas Union, TCP offload engine, OPE, History, Gas, COVID-19, Growth, GOG, MMBTU, Renewable energy, Natural gas, LNG

LONDON, Sept. 21, 2023 /PRNewswire/ - The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.

Key Points:

LONDON, Sept. 21, 2023 /PRNewswire/ - The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.
2021 and 2022 both saw unprecedented increases in spot prices globally with abnormal price volatility, from the depths of 2020 as Covid-19 impacted gas demand.
Prices have eased back somewhat in 2023, but they remain above pre-crisis levels and market conditions keep them susceptible to further volatility.
Gas is essential to re-establish the lost global energy security and to deliver an orderly energy transition.

The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report

Retrieved on:

Thursday, September 21, 2023

IGU, Post-Soviet states, International Gas Union, TCP offload engine, OPE, History, Gas, COVID-19, Growth, GOG, MMBTU, Renewable energy, Natural gas, LNG

LONDON, Sept. 21, 2023 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.

Key Points:

LONDON, Sept. 21, 2023 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2023 Global Wholesale Gas Price Survey report, the 15th undertaken since 2005.
2021 and 2022 both saw unprecedented increases in spot prices globally with abnormal price volatility, from the depths of 2020 as Covid-19 impacted gas demand.
Prices have eased back somewhat in 2023, but they remain above pre-crisis levels and market conditions keep them susceptible to further volatility.
Gas is essential to re-establish the lost global energy security and to deliver an orderly energy transition.

IGU Releases the 2023 World LNG Report

Retrieved on:

Wednesday, July 12, 2023

JKM, Liquefied natural gas, Most, IGU, TTF, International Gas Union, Hydrogen, Coal, MTPA, FID, Ammonia, Risk, Natural gas, Climate, CCUS, Renewable energy, LNG

VANCOUVER, BC, July 12, 2023 /PRNewswire/ -- The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).

Key Points:

In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition
VANCOUVER, BC, July 12, 2023 /PRNewswire/ -- The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).
Europe provided higher price premiums than the rest of the world to attract additional LNG cargoes, and the US producers managed to export 55.2 MT to Europe, a 148% increase compared to 2021 levels, despite Freeport LNG in Texas being taken offline following an accident in June 2022.
LNG volumes from the US accounted for 44% of Europe's total LNG imports while Europe accounted for 69% of total US LNG exports last year.
"LNG kept the lights on in Europe last winter, but the lack of sufficient supply on the market also drove the world spot prices to record highs, and many consumers around the world had to choose dirtier fuels, or worse yet – shut down operations.

IGU Releases the 2023 World LNG Report

Retrieved on:

Wednesday, July 12, 2023

JKM, Liquefied natural gas, Most, IGU, TTF, International Gas Union, Hydrogen, Coal, MTPA, FID, Ammonia, Risk, Natural gas, Climate, CCUS, Renewable energy, LNG

In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition

Key Points:

In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition
VANCOUVER, BC , July 12, 2023 /PRNewswire/ - The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).
Europe provided higher price premiums than the rest of the world to attract additional LNG cargoes, and the US producers managed to export 55.2 MT to Europe, a 148% increase compared to 2021 levels, despite Freeport LNG in Texas being taken offline following an accident in June 2022.
LNG volumes from the US accounted for 44% of Europe's total LNG imports while Europe accounted for 69% of total US LNG exports last year.
"LNG kept the lights on in Europe last winter, but the lack of sufficient supply on the market also drove the world spot prices to record highs, and many consumers around the world had to choose dirtier fuels, or worse yet – shut down operations.

Indigenous leadership and Canada’s low-carbon LNG featured at global industry event

Retrieved on:

Monday, June 26, 2023

In March 2023, the precedent-setting Cedar LNG project became Canada’s first Indigenous majority-owned LNG facility to be given the green light by both the provincial and federal governments.

Key Points:

In March 2023, the precedent-setting Cedar LNG project became Canada’s first Indigenous majority-owned LNG facility to be given the green light by both the provincial and federal governments.
It will leverage Canada’s abundant natural gas supply and British Columbia’s growing LNG infrastructure to produce low-carbon LNG for Asia-Pacific markets.
Smith is also Chair of the First Nations LNG Alliance, a collective of First Nations who support and participate in sustainable LNG development.
Many other Indigenous leaders whose communities participate in and benefit from LNG production—upstream, midstream, and downstream—are also expected to attend the conference.

International LNG2023 event a key platform for sharing ‘the best ideas of the industry’

Retrieved on:

Monday, June 19, 2023

QatarEnergy, Abstract, Heart, IGU, IIR, CGA, Club, International Gas Union, International Institute of Refrigeration, Collection, Natural gas, Whaling, LNG

Since the first triennial LNG event was held in Chicago in 1968, the conference has been renowned for its paper presentations by professionals from across the globe.

Key Points:

Since the first triennial LNG event was held in Chicago in 1968, the conference has been renowned for its paper presentations by professionals from across the globe.
In the case of LNG2023, which will be in Vancouver, British Columbia from July 10 – 13, 150 papers were selected.
It is through meeting, sharing information, and communicating on important subjects that we can move complex technical challenges forward.
It is hosted by the Canadian Gas Association (CGA), and supported by incoming LNG2026 host, QatarEnergy and Principal Sponsor Chevron.

LNG innovation at the forefront: International exhibition showcases industry excellence

Retrieved on:

Thursday, June 8, 2023

QatarEnergy, Data management, IGU, IIR, CGA, Exhibition, ConocoPhillips, International Gas Union, Innovation, Research, International Institute of Refrigeration, Engineering, Natural gas, Conference, Enbridge, Video game, Cheniere Energy, LNG

Key industry players such as Chevron, QatarEnergy, Cheniere, Tellurian, Baker Hughes, ConocoPhillips, and Enbridge will have significant floor space at the event.

Key Points:

Key industry players such as Chevron, QatarEnergy, Cheniere, Tellurian, Baker Hughes, ConocoPhillips, and Enbridge will have significant floor space at the event.
Conference host, the Canadian Gas Association, will showcase Canadian organizations and innovations in a dedicated Canadian industry pavilion.
“If you’re working in the industry, LNG2023 is really the place to be.”
Innovation has long been a hallmark of the triennial LNG events.
Now in its 20th edition, the first LNG conference was held in 1968, when the LNG industry was just emerging.

Canadian LNG on the global radar: Vancouver welcomes world's top energy leaders at LNG2023

Retrieved on:

Monday, May 29, 2023

The global conference, which is the 20th edition of the largest triennial LNG conference and exhibition, is being hosted by the Canadian Gas Association (CGA).

Key Points:

The global conference, which is the 20th edition of the largest triennial LNG conference and exhibition, is being hosted by the Canadian Gas Association (CGA).
on the traditional territory of the Haisla Nation, can help provide global energy security while reducing global greenhouse gases emissions by supplying LNG to displace coal as an energy source.
LNG Canada, which represents the largest single energy infrastructure investment in Canadian history, is a joint venture company comprised of five global energy companies.
“LNG will be crucial to resolving the global energy crisis and securing a reliable pathway to deeper decarbonisation,’ says Mel Ydreos, Executive Director of LNG2023.