Tag - gas

 
 

GAS

Natural gas burns on a domestic kitchen stove in London.
BUSINESS / Companies
May 14, 2024
As war stems Russian gas, Norway's Equinor gains outsized market impact
Norway now supplies 30% of Europe's gas, and roughly two-thirds of Norway's exports last year were sold by Equinor.
Notwithstanding the increase in EV sales, there are now more cars than ever powered by internal-combustion engines.
COMMENTARY / World
May 14, 2024
Nevermind those EVs — oil demand keeps growing
The oil bulls still have reason to worry: With OPEC+ trying to keep prices as close as possible to $100 a barrel, non-OPEC supply, including from biofuels, keeps surging.
Russian President Vladimir Putin looks through a helicopter window during his flight to the Novatek-Murmansk's Offshore Superfacility Construction Center in the village of Belokamenka, in Russia's Murmansk region, last July.
BUSINESS / ANALYSIS
May 5, 2024
How Western sanctions are strangling Putin’s Arctic gas ambitions
The Novatek PJSC-led Arctic LNG 2 facility is a key part of Moscow’s plans to boost exports and replenish coffers. But it has remained virtually idled.
A liquefied natural gas tanker arrives at a Tokyo Gas LNG terminal in Yokohama. Despite a decline in domestic gas demand, Japanese companies are looking to maintain their stake in overseas LNG markets, especially in Asia.
COMMENTARY / Japan
Apr 29, 2024
The double standard of Japan’s energy companies abroad
In Japan, energy companies like Tokyo Gas are striving to cut emissions. But overseas, they're shoring up LNG markets, making for a very different picture.
Warnings have been issued for people to safely use household appliances, including gas stoves.
JAPAN
Apr 3, 2024
Warnings issued for household safety in Japan's new fiscal year
The guidelines aim to raise awareness on product safety and mitigate potential risks surrounding household appliances.
Shizue Takahashi, a bereaved family member of the 1995 sarin attack on the Tokyo subway system, offers a prayer at Kasumigaseki Station on Wednesday, the 29th anniversary of the attack.
JAPAN / Crime & Legal
Mar 20, 2024
Japan marks 29th anniversary of Tokyo subway sarin attack
The Aum Shinrikyo doomsday cult's sarin nerve gas attack on the Tokyo subway system killed 14 people and injured more than 6,000.
A sign warns of underground natural gas pipelines outside Rifle, Colorado, in June 2012.
ENVIRONMENT / Energy
Mar 11, 2024
U.S. gas pipeline accidents pose big, unreported climate threat
Accidental pipeline leaks — caused by incidents like punctures, corrosion, severe weather and faulty equipment — happen routinely.
Philippine Coast Guard personnel film a China Coast Guard vessel during a supply mission in the disputed South China Sea on March 5.
BUSINESS
Mar 11, 2024
U.S. key to Philippines’ plan to tap oil and gas in South China Sea
Manila is seeking to parlay its deepening security ties with Washington into broader economic benefits, the Philippine ambassador to the U.S. said.
Then-U.S. President Donald Trump holds up a presidential permit for energy development that he signed during a tour of an oil rig in Midland, Texas, in July 2020.
COMMENTARY / World
Mar 1, 2024
How the planet could survive another Trump term
In his first term, Trump pulled the U.S. out of the 2015 Paris climate agreement, rolled back environmental regulations, unleashed gas drilling and more.
Vitol, the world's biggest trader, has increased its total equity to $26 billion even after paying $5 billion in record dividends after earning $15 billion in 2022.
BUSINESS / Markets
Feb 26, 2024
Top global energy traders face multibillion cash quandary
Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends.
A Tokyo Gas Co. storage tank at the company's Setagaya facility in Tokyo
ENVIRONMENT / Climate change
Jan 12, 2024
World trying to quit fossil fuels gets flood of gas instead
Formerly a sluggish sector, global events spurred LNG's expansion
A climate activist arranges artwork expressing opposition to fossil fuels at Dubai's Expo City during the United Nations Climate Change Conference COP28 in Dubai on Dec. 12.
ENVIRONMENT / Climate change
Dec 19, 2023
COP28 deal on fossil fuels puts new focus on 'just transition'
From coal miners to offshore oil rig engineers, 32 million people who work in the fossil fuel industry face losing their livelihoods.
Michael Bloomberg, U.N. special envoy for climate ambition and solutions, speaks during a summit on methane and other greenhouse gases at COP28 in Dubai on Dec. 2.
COMMENTARY / World
Dec 18, 2023
What did COP28 achieve?
With pledges to cut methane, among other achievements, COP28 may have helped reduce the costs of decarbonization — an essential stepping stone.
A liquefied natural gas terminal jointly operated by Tokyo Gas and JERA in Yokohama
BUSINESS / Companies
Dec 16, 2023
Tokyo Gas unit buys U.S. producer Rockcliff Energy for $2.7 billion
The deal is part of Tokyo Gas' efforts to expand its North American shale gas operations to meet growing demand for natural gas.
A man walks past a pollution pod designed to mimic the air quality in New Delhi, during the COP28 summit in Dubai, on Dec 4.
ENVIRONMENT / Climate change
Dec 15, 2023
How the world agreed to move away from fossil fuels at COP28
This year's climate conference marked the first time in history countries expressed a unified desire to end the oil age.
An oil pump outside Saint-Fiacre, near Paris, in 2019
BUSINESS
Dec 13, 2023
Big Oil's bid to woo ESG investors fails to impress
A pledge by 50 of the biggest oil and gas companies at the U.N. climate talks in Dubai commits to reaching near-zero methane emissions by 2030.
U.S. Vice President Kamala Harris, speaks at a high-level segment at the COP28 climate conference in Dubai on Saturday.
WORLD / Politics
Dec 3, 2023
U.S. lays out plan at COP28 to slash methane emissions from oil and gas
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai.
A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023
Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
Pope Francis had planned to attend the COP28 conference in Dubai this week, but canceled on Tuesday due to health concerns.
ENVIRONMENT / Climate change
Nov 29, 2023
U.S. bishops cling to fossil fuels, despite Pope's 2015 appeal
Not a single diocese has announced it has let go of its fossil fuel assets since the pope's landmark encyclical on environmental stewardship.
A wind turbine and an electricity pylon in Finedon, Britain. Developers can no longer use financial modeling that assumes gas power plants are used constantly throughout their 20-year-plus lifetime, analysts said.
BUSINESS / Economy
Nov 21, 2023
Giant batteries drain economics of gas power plants
Batteries that ensure stable power supply are becoming cheap enough to make developers abandon scores of projects for gas-fired generation worldwide.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?