While U.S. LNG will play second fiddle to pipeline gas from Russia in the European market, the mere fact that Gazprom has granted pricing concessions is a sign that Europe's LNG imports are having a significant effect.
Risks for companies operating in Argentina have fallen considerably in recent years, but the political environment could throw a wrench in energy development at any time. The mid-term elections in October are the next big flashpoint.
If the GCC crisis lasts for months or even years, the appeal of more extreme measures could grow over time.
Faltering U.S. gas production in 2016 was an aberration, a side effect of both low prices and the collapse in the oil market, which cut the output of associated gas. In the next five years, U.S. gas production will make up 40% of global supply growth.
Similar to other Gulf producers, UAE and Qatar are making efforts toward the twin goals of reducing expensive fuel subsidy programs and diversifying exports through larger natural gas volumes.
The contradiction of proposed increases in fuel efficiency standards for large trucks is that although they will reduce oil consumption, they will also discourage the adoption of alternative vehicles that run on natural gas and make them less competitive in the trucking sector.
While crude and products will see only modest changes from the expansion of the Panama Canal, the effects for LNG and propane will be much greater. The U.S. LNG industry will now have access to a transit route that can accommodate larger tankers at a time the industry is primed to export volumes to Asia.
IEA’s Laszlo Varro on LNG Oversupply, Changes in Gazprom’s Leverage, and the Outlook for Global Shale
What's next for the future of natural gas markets? IEA's Chief Economist Laszlo Varro offers his perspective on energy geopolitics, competition between LNG and renewables, and more.
Natural gas markets have not lived up to the expectations in the intervening years since the International Energy Agency originally speculated about a potential golden age for gas.
Mozambique, home to the third-largest natural gas reserves in Africa, is offering little evidence that it can become an LNG powerhouse without marginalizing the local population.