Gas to become World’s Main Fossil Fuel

British Petroleum anticipates that natural gas will take over oil as the world’s main fossil fuel energy source by the year 2040, according to a new report by Reuters. Read more here: https://oilprice.com/Latest-Energy-News/World-News/BP-Predicts-Natural-Gas-Will-Be-Worlds-Main-Fossil-Fuel-By-2040.html

GAS comes early…and CHEAP!

The first project to come into production for BP in 2018, the Atoll Phase One project has started gas production offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate. Read more here: http://www.worldoil.com/news/2018/2/12/bp-begins-production-from-egypt-s-atoll-gas-field-ahead-of-schedule

Asia - More gas please…

Asia is really demanding for a lot of gas supplies, and is sucking supplies from surprising places.  

China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is so strong that Norway’s Statoil ASA, which usually exports most of its LNG to Europe, is shipping a rare cargo east. Read more here: http://www.worldoil.com/news/2018/2/12/booming-asian-gas-demand-ripples-all-the-way-to-norway

U.S and China partner for the first time in gas industry

China, the world’s fastest growing market for liquefied natural gas, through a Chinese state-owned energy company has signed the first-ever long-term deal with an American natural gas exporter. Read more here: https://www.cnbc.com/2018/02/09/cheniere-energy-cracks-into-chinas-booming-natural-gas-market.html