ADNOC expands its gas assets in the Absheron project in the Caspian Sea, strengthening its international position in partnership with SOCAR and TotalEnergies. First successful gas delivery in July 2023.

Russian gas flows to Europe hit a record high in July thanks to exceptional deliveries via the TurkStream pipeline, according to an analysis by S&P Global Commodity Insights. Despite this spike, supplies remain historically low compared to a recent peak in March 2022, with limited deliveries via Ukraine and the European section of TurkStream.

Air Products is investing in its LNG manufacturing facility in Port Manatee, Florida, to increase production capacity and meet growing industry demand. The company aims to improve delivery times through innovations in manufacturing methods.

Naturgy doubles first-half profits and reduces debt thanks to renewable energies and good international operating results despite the gas crisis.

Chevron relies on long-term contracts with U.S. exporters to build its LNG portfolio, and prefers to buy rather than build to differentiate itself from competitors in the U.S. LNG sector.

Asia is taking strategic steps to diversify its fuel sources, reducing its dependence on liquefied natural gas (LNG) despite falling prices. Asian governments and utilities have favored nuclear power, renewables, coal and fuel oil, helping to stabilize power grids while enhancing energy security in the region.

The global energy crisis following Russia's invasion of Ukraine is leading to the formation of a new global gas market, requiring closer dialogue between producers and consumers to ensure short- and long-term security of supply and reduce emissions. The International Energy Agency stresses that coordination between market players is essential, and that increased use of low-emission gases will play a key role in reducing the sector's greenhouse gas emissions.

With extremely high temperatures sweeping across southern Europe, the gas and electricity markets are facing a sharp rise in demand. Heat waves lead to increased cooling demand and price sensitivity, putting the region's security of supply to the test.

Japan proposes to strengthen the role of the International Energy Agency in natural gas security at the Conference of LNG Producers and Consumers in Tokyo. This landmark proposal aims to enable the IEA to better analyze natural gas reserves and prepare for potential supply disruptions, while fostering collaboration for a cleaner value chain and carbon neutrality for LNG.

Renewable natural gas (RNG) is experiencing phenomenal growth in North America thanks to new government incentives for the transportation sector, offering significantly lower carbon emissions. With 66 future projects announced in 2022 and a total capacity of 385 million cubic feet per day, the RNG market is expected to reach 3% of the North American natural gas market by 2050, driven by policy support and technological development.

Algeria's natural gas exports to Southern Europe will remain robust in 2023, with Italy still dependent on Algerian imports and an increase in gas flows to Spain.

Air Products signs an agreement in Uzbekistan for the acquisition and operation of a natural gas syngas processing facility. This $1 billion investment agreement strengthens Air Products' presence in the global energy market and opens up opportunities in the advanced synthetic fuels sector.

Spire Inc. expands its natural gas footprint with the acquisition of MoGas Pipeline and Omega Pipeline. This $175 million transaction strengthens Spire's position as an industry leader, enabling it to expand its network of pipelines and distribution systems.

Ørsted inaugurates the FlagshipONE project in Sweden, ushering in a green era for marine navigation. This major project aims to produce e-methanol on a large scale, meeting the growing demand for green marine fuels.

Gasum, the main Finnish state-owned gas distribution company, has decided to terminate its natural gas purchase contract with Gazprom Export, Gazprom's export subsidiary in Russia. This decision follows an ongoing dispute over payments and interruptions in pipeline gas deliveries since May 2022.