The challenges and uncertainties facing the global energy system are at their greatest for almost 50 years.

Russia’s unprovoked invasion of Ukraine has had a dramatic impact on the global energy system. Russia was the world’s largest oil and natural gas exporter in 2021, and energy markets have been thrown into turmoil, with major energy security and supply risks worldwide.

In this report look at the benefits of creating sustainable energy systems in Africa, with a focus on the role of natural gas and renewable energy. The report highlights the risks of relying on natural gas,as compared to scenarios that ramp up the contribution of renewable energy.

In this report, analysed India’s potential savings on gas imports and an improved trade balance in a 1.5°C compatible low gas scenario. The analysis shows that if India aligns with a 1.5°C compatible pathway, it would lead to gas import savings of USD 9-24 bn in 2030 under various price and import assumptions.

The 2022 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, finds that reductions in both absolute flare volumes and flaring intensity have stalled in the last decade, despite strong early progress. Impressive reductions in some countries have not offset concerning increases in others.

The Standing committee on Petroleum and Natural Gas has tabled a report on ‘National Gas Grid including PNG and CNG.’ The committee appreciated the efforts of the government in the direction of increasing the share of natural gas in primary energy mix from the current 6.2% to 15% by 2030.

The “Indian Petroleum & Natural Gas Statistics” presents updated comprehensive statistics on various aspects of Indian Petroleum & Natural Gas sector. The data on international developments in respect of the key parameters of Petroleum and Natural Gas sector have also been captured in the publication.

Methane is responsible for around 30% of the rise in global temperatures since the Industrial Revolution, and rapid and sustained reductions in methane emissions are key to limiting near-term global warming and improving air quality.

India’s National Hydrogen Mission, launched in August 2021, seeks to scale up renewable electrolysis hydrogen (“green” hydrogen) production and use it in multiple sectors, including transportation. This is encouraging, as green hydrogen offers significant decarbonization potential.

Global natural gas consumption rebounded by 4.6% in 2021, more than double the decline seen in 2020. The strong demand growth in 2021 was driven by the economic recovery that followed the previous year’s lockdowns and by a succession of extreme weather events.

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