US considers hydrogen as solution for energy security

Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons. On Friday, the

Sinopec plans to increase domestic LNG production

China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we

Vedanta seeks bids for $19 for gas from Gujarat

Vedanta Ltd seeks a minimum $19 price for natural gas produced from a field off Gujarat. The company looks to cash in on the recent surge in global energy prices. It has called for bids for the sale of 0.25 million standard cubic meters per day of gas produced from CB/OS-2 block located in Suvali,

Natural gas should be part of the energy future

Too often, policymakers want to talk about issues in terms of black and white. In energy and climate policy, that tends to lead to the “renewables vs. fossil fuels” line of thinking. We’ve seen policymakers try to legislate away the use of fossil fuels in the U.S. (Rep. Tulsi Gabbert’s 2017 “Off Fossil Fuels” legislation)

Will shift to hydrogen economy break old geopolitical constraints?

The rapid growth of a global hydrogen economy could significantly shift geoeconomics and geopolitics as new interdependencies arise, according to a new analysis by the International Renewable Energy Agency (IRENA). Geopolitics of the Energy Transformation: The Hydrogen factor posits that hydrogen will change the geography of energy trade and the way energy relations are regionalised.

Hydrogen demand set to ‘take off’ in mid-2030s

Hydrogen will account for 12% of global energy use by 2050, with demand set to “take off” in the mid-2030s, the International Renewable Energy Agency said in a report on January 15. At least 30% of hydrogen production could be traded across borders by 2050, a higher share than natural gas today, with over 30

South Korea chided for declaring gas a sustainable investment

South Korea’s government is being criticized for including natural gas in a category of activities that it deems will help cut emissions. Liquefied natural gas was included in a taxonomy to accelerate green goals released by the Environment Ministry on Dec. 30, while nuclear energy was left out. LNG is in the transition section, so

Spain rejects Brussels’ plan to classify nuclear power and natural gas as green energy

Spain is rejecting the European Commission’s proposal to classify nuclear energy and natural gas-powered plants as green technology. In a statement released on Saturday, the Commission said it had begun consulting with EU member states on a text that will later be sent to the European Parliament and Council for scrutiny. The document is part

Methane regulations were one victory of the Glasgow climate talks. What comes next?

This year’s global climate talks in Glasgow, Scotland, came with the usual sense of anticlimax: lots of lofty rhetoric, too little action. But world leaders made at least one meaningful pledge. More than 100 nations, including the United States, committed to reducing methane emissions by 30% by the end of decade. This commitment is a

Natural gas prices continue to increase

India Ratings and Research (Ind-Ra) has published the September 2021 edition of its credit news digest on India’s oil and gas sector. The report highlights the trends in the sector, with a focus on domestic production, import, consumption, refining and gross under-recovery, regulatory changes and recent rating actions.   Ind-Ra believes that natural gas (NG) prices