In this Issue:

EDITORIAL: SETTING THE STAGE

The headlines about midstream activity appear to belie the reality downstream. Wholesale gas prices in Europe and Asia are low as liquefaction train after liquefaction train comes on line, and still the financing comes.

INDONESIA SEEKS A BALANCE

For an island country trying to cut down on cheap coal, its gas reserves could not be in a worse place, but it is determined to succeed.

SOUTH KOREA PREPARES FOR THE HYDROGEN REVOLUTION

NGW interviewed Ho-Mu Lee, a senior research fellow at the Korea Energy Economics Institute. He talked about the role of gas in the energy mix and the hydrogen future.

OZ GAS SUPPLY A POLITICAL HOT POTATO

As energy prices rise, the government nears a decision on a national gas reserve policy while producers point the finger of blame at poor regulation.

GAS IN THE DOLDRUMS

Gas prices across the world, linked by an ever-expanding and more liquid LNG market, are at lows not seen in a decade. Nor is there much hope that northeast Asia will prop up demand.

US UPSTREAM STRUGGLES WITH FLARING

Natural gas flaring is at all-time highs in the US, and producers may be forced to restrict drilling until new takeaway capacity becomes available.

DUTCH-UK LINE READY FOR REVERSE FLOW

After more than a decade’s one-way operations, the Balgzand-Bacton Line is able to flow both ways, marking the end of an era.

IRELAND REMOVES UPSTREAM THREAT

The Irish government has blocked a bill banning drilling. It argues it could jeopardise security of supply but the sigh of relief from the upstream might prove shortlived.

OIL AND GAS IN THE ENERGY TRANSITION

The gap between government objectives and the reality is wide, delegates heard at the Energy Transition Forum in Vienna June 6–7, organised by Infra Eco Network Europe.

ENERGY TRANSITION: THE NEXT CHAPTER?

An FT conference looked at what the transition means for companies and consumers, as politicians across Europe take different positions.