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Europe enjoys temporary respite from high gas costs
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Gas may be bridge fuel for centuries
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
China’s pragmatic coal-to-gas strategy
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
Russia’s implausible gas strategy
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
Asia proves a growing draw for Gulf players
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
LNG importers decry EU methane rules
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
Saudi Arabia and Kuwait home in on disputed Dorra field
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Sasol delays South Africa’s ‘gas cliff’
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
Production platform on the Leviathan field
Gas Majors NOCs Independents
Peter Ramsay
31 March 2023
Follow @PetroleumEcon
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BP and Adnoc bid a further twist in Leviathan tale

Could the NOC/major play for Newmed stake precipitate further changes to the Israeli field’s expansion roadmap?

Israeli independent Newmed Energy’s late-February announcement of an almost $100mn investment by partners in the Leviathan gas field in a pre-Feed expansion study seemed a conclusion of sorts to its development story. But a late March swoop by Abu Dhabi’s state-owned Adnoc and BP for a 50pc interest in Newmed—the field’s largest shareholder—might muddy the waters again. The NOC and major have proposed taking listed Newmed private by hoovering up its 45pc free float and taking a further 5pc ownership from current parent Delek. The two firms will “form a new joint venture that will be focused on gas development in international areas of mutual interest, including the East Mediterranean”. There

Also in this section
Europe enjoys temporary respite from high gas costs
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Gas may be bridge fuel for centuries
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
Gabon eyes future post-Bongo
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
China’s pragmatic coal-to-gas strategy
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy

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