More gas please – $1 trillion LNG infrastructure boom dismays renewables pushers

Image: Sabine Pass LNG Terminal, Louisiana [credit: naturalgasnow.org]

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‘Western countries’ (including Australia) get criticised for producing gas here but there are other major suppliers (Russia, Qatar etc.), and customers for gas are almost everywhere. The article admits demand is rising. Green transition mythology continues, but what works best won’t go away easily despite ongoing climate alarmism.
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There is a massive natural gas project pipeline for the next decade, as several world powers have increased their gas production in line with the rise in demand, says OilPrice.com.

Much of this production increase will come from wealthy Western countries, with several states using gas as a transition fuel in the shift away from more polluting coal and oil.

However, this is leading climate activists to point out the hypocrisy of these states calling for a green transition while also contributing heavily to the rise in global gas production.

The demand for natural gas has been rising, as several countries decrease their dependence on coal and opt for gas as a transition fuel in pursuit of a shift to green.

The Russian invasion of Ukraine in 2022, and subsequent sanctions on Russian energy, also led several gas powers to increase their output to fill the gap and ensure that countries that were heavily dependent on Russian gas could maintain their supply. This has created a mid-term rise in demand that is expected to level out as countries increase their renewable energy capacity.
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Yet, most of the countries contributing to the massive LNG expansion pipeline are those also calling for a global green transition. Certain oil-rich states, such as Russia, Saudi Arabia, and Qatar, have been repeatedly criticised for doing little to reduce their fossil fuel production and reduce greenhouse gas emissions in recent years, in response to pressure from organisations such as the International Energy Agency (IEA) to transition to green.

However, green transition champions, including the UK, the US, Canada, Norway and Australia, are increasingly being seen as “the other petrostates”, due to their continued pursuit of fossil fuels.

These five countries contributed over two-thirds (67 percent) of all new oil and gas licences issued worldwide since 2020. One of the main criticisms of this heavy contribution to global oil and gas output is the fact that these countries have the economic capacity to fund a green transition, with little need for long-term fossil fuel production to meet their domestic demand.

Olivier Bois von Kursk, the co-author of the report, stated, “It is deeply concerning that exploration activity has not just continued since the COP28 agreement but increased. Rich countries with relatively low dependence on fossil fuel revenues should be the first to stop issuing licences. We’re not seeing that in the data.”

Full article here.
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Image: Sabine Pass LNG Terminal, Louisiana [credit: naturalgasnow.org]