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Just wrapping up a tremendous week here in Chile with Center on Global Energy Policy's Critical Materials Program, led by Tom Moerenhout, and hosted by our non-resident fellow and former Energy and Mines Minister Juan Carlos Jobet.
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The commercial deals Trump struck on artificial intelligence cooperation will likely shift the global balance of power for one of this century's most critical technologies.
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In today's polarized political landscape, energy policy has become increasingly partisan. States rich in both fossil fuels and renewable resources must confront growing electricity demand and aging infrastructure....
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Join us for a virtual information session focused on career pathways at the World Bank, one of the world’s leading international financial institutions dedicated to poverty reduction and...
Past Event
February 1, 2024
10:00 am - 11:00 am est
Following the gas supply shock of 2022, natural gas markets moved towards a gradual rebalancing in 2023 thanks to timely policy action, effectively working market forces and favorable weather conditions. Gas prices are significantly down compared to their 2022 highs – although they remained well above their previous averages in Asia and Europe. Hub liquidity improved across all key markets amidst higher trading activity.
Despite this gradual rebalancing, the market remained fundamentally tight as the increase in global LNG production was not sufficient to offset the continued decline in Russian piped gas deliveries to Europe. LNG production growth fell short of previous expectations due to a combination of project delays and feed gas supply issues. Prices continued to display elevated volatility through 2023, reflecting supply uncertainty. Natural gas markets are expected to return to growth in 2024, although the expansion of gas use will be capped in the import markets by the limited increase in global LNG supply. Demand growth is expected to be concentrated in the fast-growing markets of the Asia Pacific and the gas-rich countries of Africa and the Middle East. The increase in gas demand will be supported by industry, as well as the residential and commercial sectors – assuming a return to average weather conditions after a mild winter in 2023. Downside risks to global LNG supply remain, including due to rising tensions along key shipping routes.
The Q1 2024 edition of the International Energy Agency’s (IEA) Gas Market Report provides an in-depth review of market developments in 2023 and a short-term outlook for 2024. As part of the IEA’s Low-Emission Gases Work Programme, the Report includes a section on short-term developments related to biomethane, low-emission hydrogen, and e-methane. Recognizing the importance of international cooperation to reduce greenhouse gas (GHG) emissions along gas supply chains, the Report features an overview of the initiatives, policies, and regulations enacted by the largest natural gas and LNG producers and consumers in this sphere.
Join the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs for a discussion on the main findings of the latest quarterly Gas Market Report by the IEA.
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This webinar will be hosted via Zoom. Advance registration is required. Upon registration, you will receive a confirmation email with access details. The event will be recorded and the video recording will be added to our website following the event.
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Join Powerless author and CGEP Co-Director of the Energy Opportunity Lab Diana Hernández and CGEP Founding Director Jason Bordoff for a special conversation co-hosted by CGEP and Resources for the Future (RFF) on the book's major findings.
On May 23, President Donald Trump signed four executive orders that aim to reform the United States Nuclear Regulatory Commission, streamline National Laboratory processes for reactor testing, advance...
Join us for a virtual information session focused on career pathways at the World Bank, one of the world’s leading international financial institutions dedicated to poverty reduction and...
The relationship between the US and Canada, each of which is the other’s principal source of imported energy, has become increasingly fraught in recent months. Canada and the...
The commercial deals Trump struck on artificial intelligence cooperation will likely shift the global balance of power for one of this century's most critical technologies.
And coal communities and fracking villages and all the rest.
Even as the U.S. pursues an energy agenda centered on achieving affordability through abundance, utilities and local governments have tools to help families navigate energy insecurities.
