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Gas pricing finds a new norm
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
Namibia eyes diversifying energy mix as oil stalls
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
Energy’s electric shock
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
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
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Cheap gas key to unlocking new markets
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
Gas demand has been affected across Europe
Gas Natural Gas markets Russia China Vitol Gunvor Trafigura
Simon Ferrie
6 October 2022
Follow @PetroleumEcon
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Europe’s gas supply woes to persist

Next year may prove even tougher than 2022

Europe's gas supply crisis will linger into next year and may even worsen, delegates warned at the Energy Intelligence Forum in London. There is “unprecedented uncertainty” and the energy markets have been “coping with all kinds of shocks”, says Russell Hardy, CEO at trading firm Vitol. On the oil side, the “supply side is adequate” after Opec gradually raised crude production to around its maximum output this year, he continues, albeit speaking before the cartel’s shock 2mn bl/d supply cut announced on Wednesday. But the potential impact of sanctions on Russian oil over the winter is “still unknown” and a “risk”, he adds. No oil supply has really been lost yet, but the market is tight, says

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Gas pricing finds a new norm
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
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27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
Offshore industry overcoming arch foes
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays

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