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OPEC+ keeps more barrels off market in April
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
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
The many faces of China’s oil demand
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
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
UAE studies AI power needs as high gas demand strains energy mix
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
China’s oil majors making gas shift
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
Congo-Brazzaville beefs up gas prospects
The government hopes industry reforms can drive ambitious upstream plans
Gas E&P enters the danger zone
Two consecutive years of sub-par hydrocarbon discoveries signal a precarious time for the energy world
Supercycle goes into reverse
Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past
Sustained low oil prices could kill production for years
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
Gas Markets
Paul Hickin,
Editor-in-chief
26 November 2024
Follow @PetroleumEcon
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Gas has ‘unique’ dual role to play in world energy, says GECF

Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South

Natural gas is abundant, versatile, flexible and the cleanest of hydrocarbons—making it essential for supporting just and equitable energy transitions—according to Mohamed Hamel, secretary general of the Gas Exporting Countries Forum (GECF). In an exclusive interview with Petroleum Economist, Hamel explained that gas’ adaptability means it can act as both a transitional fuel in places such as Europe, which is clearly on the path to building out renewables, and also as a destination energy source that acts as a building block for economic growth in places such as Africa. Hamel also pointed out that the GECF projects gas demand will grow by 34% over the next three decades. By 2050, gas is expe

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