The latest report from CEDIGAZ delves into Oman’s gas and LNG success story since the late 2010s. The sultanate’s gas revival since the start-up of the Khazzan tight gas and condensate field in late 2017, combined with renewed exploration momentum on the upstream front, has opened up new possibilities for its domestic gas market and its role as one of the longest-established LNG exporters in the Gulf region and in the world.
The report examines the opportunities and the risks linked to its gas and wider energy fundamentals, be it in terms of supply and demand, policy, upstream & LNG strategy and interplay with other fuels.
Increased domestic production, combined with improved gas demand management especially in its power sector, has allowed the country to change its supply and demand balance at home and revive its LNG business, while a few years ago, Oman had contemplated mothballing some its existing liquefaction capacity.
The newly issued 2020 report on UGS by CEDIGAZ highlights the key data from the 2020 update of its global UGS database and provides a detailed analysis of 4 markets of utmost importance in balancing global gas markets now and tomorrow: Europe, Ukraine, Russia and China.
2020 UGS HIGHLIGHTS:
Europe: unprecedented high stock volumes in storage
Uncertainty about the outcome of the Russia-Ukraine negotiations after the expiry of the transit contract between Gazprom and Naftogaz at the end of 2019, strong LNG capacity additions and the Covid-19 triggered demand crunch have resulted in record filling levels of European UGSs and have led European shippers to turn to Ukraine to store their excess gas.
The International Association Cedigaz has just released its report “GERMANY National Hydrogen Strategy: Germany aims for leadership in green hydrogen technologies”, which assesses developments and prospects for green hydrogen in Germany and some potential supplying countries.
Report’s key highlights
- The German federal government adopted its National Hydrogen Strategy (NWS) in June 2020, which is seen as a pivotal element for Germany to be climate neutral by 2050. The German government considers that only hydrogen produced on the basis of renewable energies is sustainable in the long term.