Remove Algeria Remove International Remove Price
article thumbnail

EIA: US LNG exports grew to record highs in the first half of 2021

Green Car Congress

US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. Natural gas demand in the spring continued to rise amid low post-winter inventories, which contributed to unseasonably high natural gas prices.

Trinidad 418
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The pandemic has created disruption in the global energy sector, but low gas prices will ultimately stimulate demand growth as the economy recovers.

Gas 243
article thumbnail

EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

Green Car Congress

Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d and from Algeria by 0.2 Bcf/d in 2021 primarily because of record-high LNG spot prices in Asia. An average of 49.0 Australia increased its LNG exports by 0.1

Gas 259
article thumbnail

OPEC’s Output Freeze: What Has Changed Since Doha?

Green Car Congress

The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. What has changed from Doha to Algeria?

article thumbnail

Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

article thumbnail

Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

Green Car Congress

A new EIA-sponsored study by Advanced Resources International, Inc. In addition to the United States, this group includes Canada, Mexico, China, Australia, Libya, Algeria, Argentina, and Brazil. reports initial assessments of 5,760 trillion cubic feet (Tcf) of technically recoverable shale gas resources in 32 foreign countries.

Gas 210
article thumbnail

Europe moves forward on the Energy Union; transport key element

Green Car Congress

An integrated energy market is needed to create more competition, lead to greater market efficiency through better use of energy generation facilities across the EU and to produce affordable prices for consumers. Europe needs to make the right choices now. competitiveness. research, innovation and competitiveness.