International Gas Union’s Post

🔔 Just Out 🙌 2024 World LNG Report: Despite lower price, the growing global LNG market stays tight amid supply constraints. Get your copy 👉 https://igu.org/. 🔹 Global LNG trade grew by 2.1% in 2023. This global market now connects 20 exporting with 51 importing markets - available supply was the only limiting factor of growth. 🔹 2023 saw spot LNG prices declining to levels palatable for recovery of import growth in #Asia. #China came back as the largest LNG importer at 71.19 MT, #Japan and #Korea remained second and third despite annual declines, and #India came back to the fourth position, with more demand responding to the lower spot price. #Europe also cemented its role as an LNG importing heavyweight, maintaining the second-largest importing region spot in 2023. 🔹 Several major uncertainties confront the supply-constrained market, contributing the fragility of its current equilibrium. Key sources of this uncertainty include: the Biden Administration non-FTA LNG project approvals pause; sanctions on Russian LNG; the possibility that Ukraine may not extend the Russian gas transit deal at the end of 2024; shipyard bottlenecks; the ongoing security risk in the Middle East; as well as some declining gas field supply. 🔹 The Global LNG Market continues to rapidly evolve as it responds to growing gas demand in emerging markets, increasing number and diversification of market participants, and the acceleration of technology development and innovation. Huge thanks to the brilliant group of experts from the IGU LNG Committee for their incredible insight and contributions to make the report possible - they are a big group ! It was a pleasure to continue to collaborate with the S&P Global Commodity Insights and Rystad Energy. Additional thanks to the Central-Office GIIGNL and Laurent David for helping ensure trade date consistency. Mel ( Menelaos) Ydreos, Tatiana Khanberg, Andrea Stegher, Alessandro Blasi, Greg Molnár, Marcel Kramer, Satoshi Yoshida, Nabilah Z., Amir Foster, Carlos Cortes Simon, CARLOS GUERRERO, Khaled Abubakr, Didier Holleaux, Xi Nan, Rystad Energy, CNOOC International, Osaka Gas Co., Ltd., Vikram Mansukhani, Xi Nan, Kaushal Ramesh, Mehdy Touil, Marwa Rashad, Anna Shiryaevskaya, Tom Marzec-Manser, Anne-Sophie Corbeau, GTI Energy, Jean-Christian Heintz 🇫🇷🇨🇭🇧🇷 #ongt #LNG #energyreport #energysecurity #gasmarkets #gasprices #WorldLNGReport

📌 𝐓𝐡𝐞 𝐈𝐆𝐔 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐭 𝐢𝐬 𝐇𝐢𝐫𝐢𝐧𝐠❗ 𝐑𝐨𝐥𝐞: 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 We are seeking an Administrative Assistant to support the work of the IGU Secretariat in a range of administrative tasks. The role will provide administrative support to the Secretariat, ensuring efficient operation and aiding in the achievement of the Secretariat’s goals. The role will support the Governance Manager responsible for the online and in-person membership events. For more information, please download the application from the IGU's website 👉 https://lnkd.in/erYX89Kd or from the attached document. We look forward to hearing from you!

https://lnkd.in/egfyUnQ6 👉 EU’s decarbonisaton plans will come under increasing scrutiny following a political shift to the right, but a u-turn on the Green Deal is not to be expected. Read the full story in the latest issue of the IGU's #GVG taking a look at possible implications of the #European election outcome on the #GreenDeal. Tatiana Khanberg, Ella Minty, Neill Tannock, Didier Holleaux, Andrea Stegher, Menelaos (Mel) Ydreos, Andreas Walstad #ongt #energytransition

📌 𝐓𝐡𝐞 𝐈𝐆𝐔 𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐭 𝐢𝐬 𝐇𝐢𝐫𝐢𝐧𝐠❗ 𝐑𝐨𝐥𝐞: 𝐏𝐮𝐛𝐥𝐢𝐜 𝐀𝐟𝐟𝐚𝐢𝐫𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 In alignment with its 2024-2025 Annual Business Plan and Strategic Positioning, the International Gas Union (IGU) – www.igu.org – is actively pursuing key initiatives to advance the sustainable use and development of gases worldwide. To enhance the execution of the critical objectives outlined in the Plan, corroborated with the continued mission to deliver value for its members, IGU is in search of a high-performing public affairs professional to join the team on a full-time basis. The role presents a distinctive opportunity for a high-performing individual to directly contribute to the realization of IGU’s mission while acquiring invaluable experience in the operational dynamics of the global gas industry. Collaborate with the Senior Advisor to the Secretary General and other team members, including key internal stakeholders to deliver on the public affairs and strategic communications objectives that support the IGU’s overarching mission statement: ‘to advance the critical role of gas in a sustainable energy future’. For more information, please download the application from the IGU's website 👉 https://lnkd.in/erYX89Kd or from the attached document. We look forward to hearing from you!

🌍 IGU World LNG Report 2024, 👉 https://lnkd.in/eyyPhZGw 💡 Global #liquefaction capacity continues to increase year-on-year, highlighting the importance still placed in #LNG globally. Despite this, LNG trade growth remains limited by the availability of supply, with only a single new facility to start production in 2023. 📌 A total of 3.8 MTPA of liquefaction capacity was added in 2023, from the Tangguh LNG T3 in #Indonesia, though an additional 0.6 MTPA added at Tango FLNG in #Congo-Brazzaville was brought online in early 2024, bringing total global capacity to around 483 MTPA. 📌 Average global utilisation rate in 2023 stood high at 88.7%, similar to the 89% recorded in 2022. 📌Globally between 2023 and the end of February 2024, 58.8 MTPA of liquefaction capacity reached #FID, a significant increase from the 22.4 MTPA in 2022. 📌 At the end of February 2024, 1,046 MTPA of #aspirational #liquefaction capacity is in the pre-FID stage, primarily in North America, with smaller capacities planned in Russia, Africa, the Middle East and Asia Pacific. 📌Reducing liquefaction sector #emissions remains a priority, with projects such as Cedar LNG 1 and Kitimat LNG in Canada both proposing the use of #hydropower to run operations, while a #CCS study is planned at Egypt's Idku LNG plant. #lngindustry, #lngtrade, #lngmarkets, #naturalgas, #oilandgas, #ongt, #energy, #energymarkets, #energysecurity #lngdata Menelaos (Mel) Ydreos, Rodney Cox, Ella Minty, Tatiana Khanberg, Simon Polledri, Oleg Mucha, Marcela Martinez Serret, Leila Zaboub AATQB, Neill Tannock, Rystad Energy, Andrea Stegher, S&P Global, Amir Foster, Marcel Kramer, Khaled Abubakr, Carlos Cortes Simon, Didier Holleaux, Satoshi Yoshida, Mehdy Touil

💡The 16th issue of the Global Voice of Gas magazine is here 👉 https://lnkd.in/egfyUnQ6. After an enthralling IGRC2024 in Canada, we explore the outcomes including the need #innovation within the industry throughout all three components of the energy trilemma, #security, #affordability and #sustainability. 💡#Policy and #Regulation continue to play an important role within the energy industry, with political changes in Europe and the two largest natural gas markets in South America, #Argentina and #Brazil, pursuing policy changes to benefit their nations through natural gas. 💡In this GVG issue: 📌 #Biomethane, #BioLNG, #CCS, #Digitisation, #Security, and.... 📌 We take a deep dive into #IGRC2024, reviewing the highlights and key takeaways from the conference. 📌Tomas Lanardonne, Energy Lawyer and Partner at MHR and Ieda Gomes Yell, MSc, FEI, MIoD, Senior Visiting Research Fellow at the Oxford Institute for Energy Studies discuss South America and the pursuit of new policies to maximise #economic and #societal benefits of their reserves. 📌 Christopher Goncalves, Managing Director and Chair of BRG's Energy & Climate Practice and Pal Everingham, CEO of The Asia Natural gas & Energy Association review the Berkeley Research Groups report highlighting the key findings, including positive impact #LNG can have on tackling #emissions. 📌The potential for small-scale LNG to improve #energyaccess and remove a key barrier to social and economic #development. 📌We sat down with Graeme Bethune, Senior Visiting Research Fellow, Chairman at EnergyQuest and Adjunct Professor at the Centre for Gas and Energy Transition Research, University of Queensland to discuss the role of LNG and its vital role within the North Asian energy transition. 📌LNG remains the top fuel choice for low-carbon #shipping and #bunkering volumes are growing rapidly as LNG dominates future vessel orderbooks for alternative fuels. 📌We look at the highlights from the 2024 Wholesale Gas Price Survey report, analysing the natural #gasmarket and its rebalancing through 2023. 📌 The political changes in #Europe continue with a shift to the right in the recent #EUelections and we look into the implications of this. 📌 The role of gas in the #UK power still has a part to play despite its shrinking market share, as a crucial back-up for #renewables. 📌We conclude with Mathieu Lefebvre, CEO of Waga Energy. Mathieu discusses the potential of the WAGABOX technology, designed to capture 90% of #methane from landfill gas for grid injection. #GVG, #energytransition, #ongt, #innovation, #biolng #oilandgas Menelaos (Mel) Ydreos, Andrea Stegher, Tatiana Khanberg, Didier Holleaux, Marcel Kramer, Khaled Abubakr, Satoshi Yoshida, Nabilah Z., Carlos Cortes Simon, Neill Tannock, Joseph Murphy, Amir Foster, Ieda Gomes Yell, MSc, FEI, MIoD, Tomas Lanardonne, Christopher Goncalves, Paul Everingham, Graeme Bethune, Mathieu Lefebvre, Ella Minty, Rodney Cox, Jonathan Leake