Tag: LNG
Asia’s US$350bil gas projects intensify the clean energy debate.
Asia is investing over $350 billion in liquefied natural gas (LNG) infrastructure, aiming to reduce coal usage. While these projects could help lower emissions, they also risk prolonging fossil fuel dependency and potentially slowing renewable energy adoption.
Ukraine war drives the US, EU deal to undercut Russian energy
The Ukraine conflict is pushing Western Europe closer to the United States, with President Biden offering expanded natural gas shipments to help Europe break free from Russian energy dependency. The EU currently relies on Russia for 40% of its natural gas needs, making this strategic shift crucial for energy security.
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
Malaysia's Petronas, a leading petroleum company, has pioneered a new approach in LNG trading by using Canadian pricing indicators for a spot cargo sale to a Far East buyer. This marks a significant step in the company's global energy strategy and market positioning.
