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LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
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
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
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
Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
Outlook 2025
Gas LNG
Fauziah Marzuki
3 January 2025
Follow @PetroleumEcon
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Outlook 2025: Let us not waste time dwelling on diverging gas views

Supporters of the LNG industry need to concentrate on the areas with the most potential before the sector runs out of time to make its mark

For an industry that takes a long time to get things done, LNG proponents need to shift their focus away from things that may not be worth the effort and dedicate more time to things that will benefit the sector in the long run as well as in the energy transition. Time is running out for the gas industry to strike and make its mark. The global LNG market is on the brink of a state of oversupply, with BloombergNEF projecting that this is set to emerge in 2027. Prices will fall and so will revenue for LNG producers. What must be done after 2030 will come down to how much demand can be unlocked with low prices. Time is also running out for gas to figure out its role in the energy transition. Th

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