ExxonMobil to cut up to 1,600 jobs across European operations

The oil and gas giant says the jobs cuts are due to ‘reorganisational’ changes to reduce costs and improve efficiency

‘Beast from the East’ caused winter gas spike

The UK Energy Research Centre said a loss of gas pressure in the system was only narrowly avoided

IEA: China to drive global gas demand growth

The nation is forecast to be the largest natural gas importer by 2019

Global gas demand ‘to rise 1.6% each year’

Global gas demand is expected to see annual growth of 1.6% for the next five years. That’s according to the International Energy Agency (IEA), which says consumption will reach almost 4,000 billion cubic meters (bcm) by 2022, up from 3,630bcm last year. The organisation says this will be driven by new US supplies feeding growing demand in developing economies, combined […]

Gas for power demand falls to six-month low

Demand for natural gas from power stations has fallen to a six-month low. That’s according to S&P Global Platts, which says this is as a result of falling electricity demand from consumers and pick-ups in nuclear and renewable generation. The UK’s gas-for-power demand fell 30% in February to 1.56 billion cubic meters (Bcm), only just […]

Shale gas ‘will not succeed’ in Europe, says think tank

Shale gas will not succeed in Europe as gas demand in the continent could be satisfied by other sources. That’s the view of Andrew Grant, Financial Analyst at Carbon Tracker who also said shale developments in the continent are at a very early stage. Speaking to ELN ahead of the launch of the Carbon Tracker […]

China’s gas power “to double by 2020”

New power plants are set to boost China’s gas generating capacity from 43.8 gigawatts last year to 85.5GW by 2020, say analysts. The near-doubling is a result of policies supporting gas – because it needs to cut its reliance on coal – as well as more investment, suggests GlobalData research released this week. Gas power “is […]

Gas demand drops with warm weather

Gas demand in the UK fell “sharply” this morning on the back of warmer temperatures. There’s been a 15% fall since yesterday which is “quite a big drop” according to Gary Hornby, Energy Market Analyst at Inenco. He told ELN: “The LDZ – which is residential demand – dropped, that’s probably people and small businesses […]

China starts importing gas from Myanmar

China switched on a new 793km-long pipeline to bring in natural gas from Myanmar yesterday, reports claim. The pipeline starts at Kyaukpyu on Myanmar’s western coast and connects China’s Yunnan province in the southwest and is expected to transfer 12 billion cubic metres of natural gas every year. A parallel 771-km pipeline that will carry […]

UK gas demand drops to six year low

UK gas demand has dropped to a six year low – but consumers aren’t feeling the benefit, according to analysts. Despite gas demand hitting 155Million cubic metres (McM) at the end of July, compared with last year’s summer average of 223McM, prices haven’t dropped at the same rate. Analyst Gary Hornby at energy consultancy Inenco […]