natural gas demand

Methane Leaks: IEA Warns Fossil Fuel Industry

Credit: galen-crout-0ZGLna-unsplash
  • According to a Tuesday International Energy Agency analysis, the fossil fuel industry is failing to reduce methane emissions despite its promises to find and fix leaks.
  • The worldwide energy industry discharged 135 million tonnes of methane, a strong greenhouse gas, into the atmosphere in 2022.

IEA tells fossil fuel industry over methane leaks, states an Euractiv news source.

Demand for natural gas

Last year’s emissions were only slightly below the record high...

https://mfame.guru/methane-leaks-iea-warns-fossil-fuel-industry/

Natural Gas Demand In South Korea Likely To Decrease In 2023

Credit: marcin-jozwiak-unsplash
  • New nuclear reactors, coal-fired plants to curtail LNG demand
  • Wholesale power price cap to shrink LNG importers’ spot appetite
  • Industrial gas demand to recover amid China’s post zero-COVID

A recent news article published in the Platts states that South Koreas 2023 natural gas demand likely to dip on nuclear startups mild winter power price cap.

South Korea’s natural gas consumption

South Korea’s natural gas consumption is expected to ease in 2023 with the startup...

https://mfame.guru/natural-gas-demand-in-south-korea-likely-to-decrease-in-2023/

3 Countries Compete For Global LNG Market

  • Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets.
  • Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to grow 1%.
  • Nevertheless, the LNG market was extremely volatile, with periods of extreme oversupply alternating with periods of extreme tightness during the year.
  • According to McKinsey, natural gas is set to become the strongest-growing fossil fuel, with demand expanding 0.9% per annum from 2020 to 2035.

An...

https://mfame.guru/3-countries-compete-for-global-lng-market/