Outlook 2025: Geopolitics and gas: Volatility and the potential for energy security and peace
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
Take a look at a number of major reports from some of the most high-profile and respected global energy stakeholders: Shell, ExxonMobil, IEA and the EU. What do they have in common? Natural gas remains a vital energy source, both now and in the future, on every continent due to its ability to provide energy security and support the transition. The global market remains tight and needs new supply, with major LNG projects again delayed and the fabled ‘gas glut’ moved back again. Geopolitics and gas remain inseparable. Majors that made big commitments to reduce oil and gas production are reversing under pressure to provide affordable energy security and returns to shareholders. Sanctions on Ru
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Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
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The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
