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.

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.

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.

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.

Global demand for U.S. LNG exports is driving gas market expansion in the near term, but growth will slow in the 2030s due to the transition to renewable energy. However, natural gas will continue to play a crucial role in the energy transition.

Russian state-owned giant Gazprom has reported a 41.4% drop in net profit in 2022, to 14.2 billion euros, due to a drop in gas exports to Europe as a result of the conflict in Ukraine, heavily impacted by Western sanctions.

The Biden administration is stirring up controversy by supporting the Mountain Valley Pipeline project despite environmental criticism. This decision may be seen as a setback for environmentalists who have been calling for bolder action against climate change.

European natural gas prices are hitting a new low due to comfortable storage levels and rising temperatures, while the European Union is trying to prevent a further price spike by launching bulk gas purchases to replenish stocks before winter.

Qatar Energy awards contract to Technip Energies and CCC for the construction of two LNG trains in the North Field South. This milestone reinforces Qatar's commitment to meeting global natural gas demand and achieving its CO2 capture and sequestration targets.

Cyprus and Israel are discussing a pipeline linking their gas fields, but Cyprus' energy minister is suggesting a maritime corridor for the transport of liquefied gas instead, stressing the importance of natural gas supply and the search for efficient alternatives.

Natural gas prices in Spain continue to fall, reinforcing its position as the cheapest European market. Exports to France are increasing while domestic demand is growing.

Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.

Air Products, the world leader in liquefied natural gas technology and equipment, has signed an agreement to supply its liquefied natural gas processing technology and equipment to Technip Energies for the Xi'An LNG project in China. Air Products' technology will make this the largest liquefaction plant in the world.