Category: Highlights

American natural gas is the sharpest diplomatic tool the Biden administration can wield in energy-related foreign policy and international trade negotiations. As newly confirmed energy secretary Jennifer Granholm has made clear, liquefied natural gas exports “play an important role” in helping countries grow their economies and reduce greenhouse gas emissions. Nations around the globe are scaling up decarbonization efforts and need affordable, reliable U.S. gas to meet their energy demands. That is where expanded American liquefied natural gas (LNG) exports underpin the global energy transition. U.S. LNG export demand rebounded to…

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MELBOURNE, March 29 (Reuters) – Plans by billionaire Andrew Forrest to have a liquefied natural gas (LNG) terminal ready by 2022 means Australia won’t suffer a supply shortfall until 2026, two years later than previously forecast, the energy market operator said on Monday. “This development comes at a critical time, as existing Victorian production is declining faster than previously projected,” Nicola Falcon, group manager of the Australian Energy Market Operator said in a statement accompanying the AEMO’s closely watched outlook. Producers’ forecasts for maximum daily capacity from existing, committed and…

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Islamabad, March 29,2021 : Federal Minister for Energy Mr. Omar Ayub Khan chaired a meeting with Danish technical energy team along with Her Excellency Ms. Lis Rosenholm, Ambassador of Denmark to Pakistan at Power Division this noon. Mr. Tabish Gauhar, Special Assistant to Prime Minister on Power and Mr. Zafar Ali Bhutta, Secretary Power Division also joined the meeting. During the meeting, both sides deliberated upon the findings and recommendations by Danish Energy team on G2G-collaboration between Denmark and Pakistan in energy sector in view of newly approved Alternative Energy…

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The U.S. Energy Information Administration released a report last month highlighting its projections that the U.S. electricity generation mix made up of renewables will have doubled by 2050. That’s also when 42% of the nation’s electricity will be provided by renewables. “Wind and solar generation are responsible for most of that growth. The renewable share is projected to increase as nuclear and coal-fired generation decrease and the natural gas-fired generation share remains relatively constant,” the report read. It also showed renewables will surpass natural gas as the predominant source of…

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US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.US Oil & Gas industry deal activity: value and volume trend – February 2020 to February 2021M&APrivate equityVenture financingDeal valueFeb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21$2.95bn$2.95bn$1.66bn$1.66bn$1.47bn$1.47bn$2.62bn$2.62bn$6.11bn$6.11bn$24.34bn$24.34bn$31.53bn$31.53bn$7.38bn$7.38bn$25.79bn$25.79bn$6.77bn$6.77bn$11.35bn$11.35bn$2.51bn$2.51bn$17.5bn$17.5bnDeal period Month M&A Private equity Venture financing Deal value Feb 20 53 4 22 2,948.38 Mar 20 33 5…

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