EOG Newsletter April 2024
Energy, Oil & Gas Magazine
Focusing on issues that are fundamental to senior executives across the global energy sector & associated industries.
Hello??,
As we approach the second half of 2024, the energy sector continues to undergo dynamic shifts, presenting both challenges and opportunities for industry stakeholders. We examine the key themes shaping the global energy landscape, from the European Union's ongoing energy transition initiatives to the evolving dynamics in the oil and LNG markets.
Here’s what you need to know:
??The EU’s hydrogen-powered future of Europe unveiled. The list of 65 projects proposed by the European Commission has been controversial among environmental groups due to its inclusion of pipelines that would primarily carry fossil gas, but it survived a vote to scrap the proposal in European Parliament last month.
??? Oil’s tightrope walk into H2 2024. Experts are predicting a tightening noose around the world’s oil supply as we advance into the second half of 2024.?At the heart of this narrative is Citadel, a titan in the realm of hedge funds, whose insights into the commodities market offer a prophetic glimpse into the coming months.
??The looming LNG glut and market dynamics in 2024. The International Energy Agency (IEA) has sounded the alarm, warning of a potential glut as a result of an “unprecedented surge” in LNG projects poised to come online. This anticipated influx of new capacity, particularly from the United States and Qatar, promises to augment the global LNG supply by an astonishing 45%.