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September 2024

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Editorial comment

It’s September, which can only mean one thing for the oil and gas industry’s calendar: it’s time for another edition of Gastech.

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2024 will see Gastech take place in Houston, Texas, a city with a long history in the oil and gas sector. It is therefore apt that it will welcome Gastech this year, with 50 000 attendees, 800 exhibitors, 1000 speakers, 160 conference sessions, representing 125 countries, to descend on the US state in mid-September.1

North America, and the US in particular, has emerged as a particularly heavyweight player in the LNG industry in recent years, having overtaken Qatar and Australia to become the world’s largest exporter of LNG for the very first time in the industry’s history.2

The U.S. Energy Information Administration (EIA) forecasts that US LNG exports will continue to lead growth in the US natural gas trade, with three LNG export projects currently under construction due to start operations and ramp up to full production by the beginning of 2025.3 In its Short-Term Energy Outlook,4 the EIA forecasts net exports of US natural gas to grow 6% to 13.6 billion ft3/d in 2024 compared with 2023, with net exports expected to increase another 20% to 16.4 billion ft3/d in 2025.

This growth would’ve certainly been driven by conflict in Ukraine and the Middle East, as countries considered their options for achieving energy security amidst impacted supply chains and trade routes, along with an increasing approach to improving countries’ likelihood at achieving climate goals.

This isn’t to say the US industry has been without its troubles; President Biden’s temporary pause on the approval of permits to non-FTA countries for new LNG export projects is one example of this. Nevertheless, I think the attitude towards and within the LNG industry has remained largely positive, with many conversations to be had about balancing supply and demand in the market, energy security, and how the industry can work towards global emissions targets.

LNG is an ever-increasing topic of discussion, and its role in the future energy mix is becoming more prominent, especially as an established alternative fuel option for use in the marine industry. With so much to discuss, the September 2024 issue of LNG Industry is another bumper issue, so make sure to visit our stand at Gastech (D386) to discuss editorial and advertising opportunities for 2025, and to collect your copy of the magazine packed with articles on cryogenic technology, safety solutions, metering and monitoring, ship-to-ship transfer, software, managing methane emissions, and much more. This issue also includes our Gastech 2024 Preview, which features a handy guide to help you navigate the event.

As the LNG industry continues to grow, change, and develop, the team here at LNG Industry will be with you every step of the way, keeping you informed and continuing to showcase and celebrate the work of key players in the industry through a range of insightful articles, news, webinars, and more.

References:

  1. Gastech Content Hub’, Gastech, https://www.gastechevent.com/media-centre/content-hub
  2. SHARMA, G., ‘U.S. Overtakes Qatar To Become The World’s Top LNG Exporter’, Forbes, (5 January 2024), https://www.forbes.com/sites/gauravsharma/2024/01/05/us-overtakes-qatar-to-become-the-worlds-top-lng-exporter
  3. U.S. natural gas trade will continue to grow with the startup of new LNG export projects’, EIA,(17 April 2024), https:/www.eia.gov/todayinenergy/detail.php?id=61863
  4. ‘Short-Term Energy Outlook’, EIA, https://www.eia.gov/outlooks/steo/

 

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