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Albania’s long pursuit of gas
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
ADNOC eyes cross-border opportunities
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and markets
LNG Egypt Oman Qatar Saudi Arabia
Peter Ramsay
5 November 2020
Follow @PetroleumEcon
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FID delays boost Mena LNG export chances

Projects pushed back or cancelled elsewhere could offer opportunities for the region’s gas producers

Holders of Mena gas reserves have had a relatively good year, despite the coronavirus pandemic cratering global demand and prices for a large portion of its course. So says Noel Tomnay, head of Emearc gas and LNG consulting at researcher Wood Mackenzie. “European and Asia prices are back to c.$5.50/mn Btu, [and] there are expectations of very limited curtailments of US LNG this winter. In many ways, the LNG market is back to where it was pre-Covid,” he told Petroleum Economist’s LNG to Power Emea virtual forum in early November. And, in the longer term, delays and cancellations to planned LNG liquefaction projects elsewhere will play to the advantage of any regional ambitions to increase exp

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