Page 170 - CW E-Magazine (11-3-2025)

News from Abroad

it’s a reliable, fl exible and adaptable tially reaching 180-mtpa by 2030 and
way to meet growing global energy accounting for a third of global supply.
demand,” Mr. Tom Summers, Senior Vice
President for Shell LNG Marketing and Market tightness in 2024
Trading, said. The early part of 2024 saw spot
LNG prices fall to their lowest level
Regional trends since early 2022, but prices recovered
China is signifi cantly increasing its by mid-year due to delays in the deve-
LNG import capacity and aims to add In the marine sector, a growing lopment of new supply capacity.
piped gas connections for 150-mn people order book of LNG-powered vessels
by 2030. India is also moving ahead will see demand from this market rise Demand for LNG strengthened in
with building natural gas infrastructure to more than 16-mt a year by 2030, up Asia during the fi rst half of 2024 as
and adding gas connections to 30-mn 60% from the previous forecast. LNG China took advantage of lower prices,
people over the next fi ve years. is becoming a cost-effective fuel for importing 79-mt during the year. India
shipping and road transport, bringing bought record volumes to help meet
Europe will continue to need LNG down emissions today and offering stronger power demand due to hotter
into the 2030s to balance the growing pathways to incorporate lower-carbon weather in early summer. Its imports
share of intermittent renewables in its sources such as bio-LNG or synthetic rose to 27-mt, a 20% increase from
power sector and to ensure energy LNG. 2023. In Europe, imports fell by 23-mt,
security. In the longer term, existing or 19%, due to strong renewable energy
natural gas infrastructure could be used to Signifi cant growth in LNG supply generation and a limited recovery in
import bio-LNG or synthetic LNG and will come from Qatar and the US. industrial gas demand. Europe is expec-
be repurposed for the import of green The US is set to extend its lead as the ted to increase imports of LNG in 2025
hydrogen. world’s largest LNG exporter, poten- to refi ll its gas storage.
WORKFORCE SURVEY
Signifi cant number of oil & gas and petchem profes-

sionals considering career shift to renewables: Survey

Over 70% of oil & gas and petro- ditional energy grows,
chemical industry professionals are 86% of professionals
considering renewables as career prio- would consider moving
rities shift in 2025, according to ninth to another role, with 62%
annual Global Energy Talent Index open to opportunities
(GETI), a energy workforce trends within traditional energy.
report produced by Airswift. Interest in switching
to renewables has also
The report highlights that salaries surged, rising from 56%
in traditional energy are experiencing a in 2023 to 71% in 2025.
strong rebound with 50% of professionals from 89% in 2021. Career progression
seeing a pay rise in 2025 and 71% remains the top driver for relocation, The energy transition continues to
expecting further rises next year. How- rising to 50% in 2025, while remuner- reshape the sector, with professionals
ever, with reluctance to relocate in- ation has gained importance, replacing identifying advances in engineering
creasing by 9% since 2021 and interest culture as a key motivator. Meanwhile, techniques and technology (37%) and
in renewables intensifying, companies professionals cite proximity to family the transition to clean energy (37%)
must refi ne talent strategies to retain as the primary reason for reluctance to as the biggest industry opportunities.
experienced professionals, the report relocate, though this concern has Meanwhile, optimism in employer
notes. While 80% of traditional energy declined year-on-year. resilience has grown, with 71% of pro-
professionals would consider relocat- fessionals confi dent in their company’s
ing for work, this fi gure has declined As demand for expertise in tra- ability to navigate future challenges.

170 Chemical Weekly March 11, 2025

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