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Energy’s electric shock
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
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
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Cheap gas key to unlocking new markets
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
Do not underplay China’s long-term gas growth narrative
A subdued market amid global trade tensions is just an aberration in gas’ upward trajectory
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
Angola: short-cycle oil gains but gas travails?
The country’s government may have different upstream development priorities to IOCs, with particular impact on the gas sector
Pre-salt fuelling Petrobras’ upstream ambitions
The offshore region is poised to significantly ramp up production as more midstream gas infrastructure reaches startup and divestments keep coming
Australia Gas Renewables
Andrew Kemp
Melbourne
21 August 2020
Follow @PetroleumEcon
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Letter from Australia: Canberra’s gas vision in crisis

Opposition politicians and media sniff blood over an economic revival strategy driven by natural gas, rather than renewables

Australia’s National Covid-19 Commission (NCC)—set up in March to advise the government on how to respond to the coronavirus pandemic’s impact on the economy—is facing increasing scrutiny over its staunch support for gas. The NCC’s advice to Prime Minister Scott Morrison is to underwrite investment in new gas pipelines. But, appearing before a mid-August Senate committee, NCC chairman Neville Power was quizzed on what role renewables could play and could offer only that the panel had not “looked at energy in that context”. Under-Powered He also suggested that it is not the commission’s role to “recommend specific projects”—seemingly ignoring the contradiction that it had suggested government

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Energy’s electric shock
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