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	<title>#OilAndGas &#8211; The Milli Chronicle</title>
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	<item>
		<title>The methane problem the world can fix — but isn’t</title>
		<link>https://millichronicle.com/2026/03/63632.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Tue, 17 Mar 2026 16:05:59 +0000</pubDate>
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					<description><![CDATA[ICentral Asia_In the early hours of a cold morning in Central Asia, an oil field continues its routine work pipes]]></description>
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<p>I<strong>Central Asia_</strong>In the early hours of a cold morning in Central Asia, an oil field continues its routine work pipes humming, valves turning, gas flowing.</p>



<p> But above it, invisible to workers on the ground, a plume of methane stretches into the atmosphere, thick and persistent, carrying with it a climate cost equivalent to a coal plant running at full capacity.It is one of dozens.</p>



<p>A recent analysis of satellite data has identified a series of “mega-leaks”  massive emissions of methane from oil and gas infrastructure  across multiple regions of the world. Each leak, researchers say, represents not just environmental damage but a failure of governance, oversight and basic maintenance.</p>



<p>Methane is a paradox in climate politics. It is significantly more potent than carbon dioxide in the short term, trapping more than 80 times as much heat over a 20-year period. Yet it is also one of the easiest emissions to reduce.“This is the low-hanging fruit,” said one climate analyst involved in methane tracking.“We’re not talking about inventing new technology. </p>



<p>We’re talking about fixing what’s already broken.”For decades, methane emissions were difficult to measure accurately. Ground-based monitoring was patchy, and self-reporting by companies often underestimated the scale of the problem. </p>



<p>That has changed with the rise of satellite surveillance.New-generation satellites can now detect methane plumes with striking precision, identifying individual facilities responsible for large emissions. In some cases, leaks have been traced back to specific pipelines, compressor stations or storage units.The findings have been sobering.</p>



<p>Major leaks have been detected in some of the world’s largest oil and gas producers, including regions in Central Asia, the Middle East and North America. In many cases, the same sites have been observed releasing methane repeatedly over time.</p>



<p>“This isn’t accidental,” said an environmental researcher. “This is systemic.”</p>



<p>Why leaks persist?</p>



<p>The causes are rarely mysterious. Industry experts point to aging infrastructure, poor maintenance and a lack of regulatory enforcement.Leaking valves, faulty seals and outdated equipment are among the most common sources. </p>



<p>In theory, these issues are relatively inexpensive to fix. In practice, they often go unaddressed.Part of the problem lies in incentives. </p>



<p>Methane leaks represent lost product, but in many cases, the financial cost of fixing infrastructure is seen as higher than the value of the gas recovered particularly in regions where gas prices are low or markets are underdeveloped.</p>



<p>There is also the issue of oversight. In countries with weak regulatory systems, companies face little pressure to detect or repair leaks. Even in more developed economies, enforcement can be inconsistent.</p>



<p>In recent years, methane has moved up the international climate agenda. More than 100 countries have joined efforts to cut methane emissions by 30% by 2030, a target seen as critical to limiting near-term warming.</p>



<p>But progress has been uneven.Some countries have introduced stricter regulations, including mandatory leak detection and repair programmes. Others have lagged behind, citing financial constraints or competing priorities such as energy security.</p>



<p>The gap between commitment and action remains a central concern.“There’s a tendency to celebrate pledges,” said a policy expert. “But what matters is implementation and that’s where we’re falling short.”</p>



<p>Scientists warn that cutting methane emissions could have a rapid impact on global temperatures, slowing the pace of warming in the coming decades. This makes it one of the most effective short-term climate strategies available.</p>



<p>Yet time is limited.Without decisive action, methane emissions are expected to continue rising, driven by expanding fossil fuel production and inadequate controls. </p>



<p>The consequences are likely to be felt in the form of more intense heatwaves, extreme weather events and accelerating environmental change.</p>



<p>The growing availability of satellite data is changing the dynamics of accountability. Governments and companies can no longer rely on opacity.Publicly available datasets now allow researchers, journalists and civil society groups to track emissions in near real time. </p>



<p>This has led to increased scrutiny —l and, in some cases, pressure for reform.Still, transparency alone does not guarantee change.</p>



<p>Methane leaks occupy a unique space in the climate debate: a problem that is both urgent and solvable.The technology exists. The costs are manageable. The benefits are immediate.</p>



<p>What remains uncertain is whether the political will can match the scientific urgency.For now, the plumes continue to rise  unseen, but not unnoticed.</p>
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		<title>JERA seeks extra LNG supplies as Middle East disruption rattles energy markets</title>
		<link>https://millichronicle.com/2026/03/63483.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 14 Mar 2026 09:12:37 +0000</pubDate>
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					<description><![CDATA[Tokyo_ Japan’s largest liquefied natural gas buyer, JERA, has begun discussions with global suppliers for potential additional LNG purchases as]]></description>
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<p><strong>Tokyo_</strong> Japan’s largest liquefied natural gas buyer, JERA, has begun discussions with global suppliers for potential additional LNG purchases as a hedge against worsening Middle East supply disruptions linked to the ongoing U.S.-Israeli conflict with Iran, company executives said on Saturday.</p>



<p>The move comes as roughly 20% of global LNG supply remains offline after the conflict forced the shutdown of facilities operated by QatarEnergy, significantly disrupting energy exports from the Middle East.</p>



<p>JERA handles about 35 million metric tons of LNG annually, with around 27 million tons consumed domestically in Japan, according to Global Chief Executive Yukio Kani.</p>



<p> About 5% of the company’s shipments pass through the strategically vital Strait of Hormuz, a major energy transit corridor.Kani told reporters on the sidelines of the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo that the company is holding talks with suppliers with whom it already maintains long-term contracts to explore additional procurement options.</p>



<p>While there is currently no immediate shortage of LNG, Kani said the company is planning for possible prolonged disruption.“It is still possible that things could settle down within a few weeks. However, it would be far too optimistic to base our planning on that assumption,” he said.</p>



<p>Regional LNG prices have fluctuated sharply since the disruption. The average LNG price for April delivery into Northeast Asia was estimated at $19.50 per million British thermal units, down from $22.50 per mmBtu a week earlier, which had marked the highest level since mid-January 2023.</p>



<p>Energy security concerns have also resurfaced among global buyers as geopolitical tensions escalate in the Middle East.Steven Read, president of Global Coal Sales Group, which markets coal produced by U.S. mining company Signal Peak Energy, said the market had already begun to react to the heightened uncertainty.</p>



<p>“We&#8217;ve already seen customers coming in wanting to talk about options,” Read told Reuters on the sidelines of the conference, noting renewed interest from buyers considering additional cargoes.</p>



<p>If the disruption deepens and shipping through the Strait of Hormuz remains constrained, Japan may need to consider broader measures to maintain energy supply, Kani said.</p>



<p>These could include working with the Japanese government to encourage energy conservation and restarting dormant power stations, including coal-fired plants.At the same forum, U.S. LNG exporter Venture Global LNG said the current volatility in energy markets was likely temporary.</p>



<p>Chief Executive Mike Sabel said the company viewed the current price fluctuations as short-term turbulence despite the geopolitical tensions affecting supply.</p>



<p>“We’re tremendously optimistic about the middle- and long-term strength of the market, equity in the market, supply coming online. We expect long-term, very stable liquefaction prices,” Sabel said.</p>
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		<title>Governments deploy emergency measures as energy shock ripples globally</title>
		<link>https://millichronicle.com/2026/03/63464.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 14 Mar 2026 04:05:39 +0000</pubDate>
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					<description><![CDATA[Governments across Asia, Europe and Australia are moving to shield households and key industries from surging energy costs following a]]></description>
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<p>Governments across Asia, Europe and Australia are moving to shield households and key industries from surging energy costs following a major disruption to global oil and gas supplies linked to the effective closure of the Strait of Hormuz, according to policy announcements and official statements issued this week.</p>



<p>The supply disruption has pushed authorities to intervene through subsidies, reserve releases and regulatory measures aimed at stabilising fuel availability and protecting consumers from rising prices.</p>



<p>In India, authorities invoked emergency powers last week and directed refiners to maximise production of liquefied petroleum gas to prevent shortages of the cooking fuel widely used by households. The government also cut LPG sales to industry to ensure adequate supply for roughly 333 million homes connected to the system.</p>



<p>Officials have also urged consumers to avoid panic buying of cylinders and encouraged a shift to piped natural gas where available to ease pressure on LPG distribution.</p>



<p>Elsewhere in Asia, South Korea said it is considering additional energy vouchers for vulnerable households while preparing to increase electricity output from nuclear and coal-fired plants.</p>



<p>China announced it would release fertilisers from national commercial reserves ahead of the spring planting season, citing supply disruptions tied to the energy crisis.</p>



<p>Malaysia said it will increase spending on petrol subsidies to 2 billion ringgit ($510 million) from 700 million ringgit to maintain fixed retail fuel prices, according to government statements.</p>



<p>In Philippines, authorities said they plan to curb rising electricity bills linked to higher liquefied natural gas prices by increasing coal-fired power generation and regulating electricity tariffs.</p>



<p>Australia said it will release petrol and diesel from domestic reserves to address shortages affecting rural supply chains as well as the mining and agricultural sectors.</p>



<p>Meanwhile, the European Commission said it will advise member governments to exercise flexibility in enforcing European Union rules on gas imports, amid concerns that strict compliance could slow the delivery of liquefied natural gas shipments needed to stabilise supply.</p>
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		<title>Venezuela, Colombia revive talks as Caracas urges end to U.S. sanctions</title>
		<link>https://millichronicle.com/2026/03/63458.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Sat, 14 Mar 2026 03:46:59 +0000</pubDate>
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					<description><![CDATA[Caracas– Senior officials from Venezuela and Colombia met in Caracas on Friday to discuss security, trade and energy cooperation, with]]></description>
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<p><strong>Caracas</strong>– Senior officials from Venezuela and Colombia met in Caracas on Friday to discuss security, trade and energy cooperation, with acting Venezuelan President Delcy Rodriguez urging the United States to lift sanctions on Venezuela during the first in-person bilateral engagement between the neighbors since the removal of former president Nicolas Maduro earlier this year.</p>



<p>Rodriguez described the meetings with Colombian ministers as productive and said closer cooperation between the two countries could generate economic benefits while strengthening coordination along their shared border.</p>



<p>The talks marked the first high-level face-to-face engagement between the governments since Maduro’s ouster in early January and came amid a shift in Venezuela’s political landscape and renewed diplomatic contact with the United States.</p>



<p>Rodriguez said discussions centered on energy collaboration, cross-border trade and regional security.Venezuela is planning to repair a pipeline to resume gas exports to Colombia, part of broader efforts by the acting government to revive economic activity and attract foreign investment.</p>



<p>Rodriguez, who previously served as vice president, has been courting investors in Venezuela’s oil and mining sectors as her administration seeks to stabilize the country following Maduro’s capture by U.S. forces.She also used the meeting to call for the lifting of U.S. sanctions, addressing remarks to U.S. President Donald Trump.</p>



<p>“Unilateral coercive measures against the Venezuelan people affect the peoples of our Latin America,” Rodriguez said, urging Washington to end sanctions imposed on Caracas.</p>



<p>Among the visiting Colombian officials was Defense Minister Pedro Sanchez, who met with Venezuelan counterpart Vladimir Padrino to coordinate security strategies along the countries’ 2,200-kilometer (1,370-mile) border.</p>



<p>Foreign ministers Rosa Villavicencio of Colombia and Yvan Gil of Venezuela also discussed cooperation on diplomatic and economic issues.</p>



<p>Rodriguez said both sides had agreed on the need for closer information sharing to address cross-border crime.</p>



<p>“We have a very active border and we are calling for immediate coordination and permanent exchange of information in order to combat drug trafficking,” she said.</p>



<p>Rodriguez had initially been expected to hold talks with Colombian President Gustavo Petro in what would have been her first presidential-level bilateral meeting since taking office.</p>



<p>Both governments said that engagement was canceled because of “force majeure,” without providing further details.</p>



<p>Washington has repeatedly urged Colombia to strengthen efforts against drug trafficking. Petro has said authorities under his administration have recorded record drug seizures during his tenure.</p>
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		<title>India’s GAIL Secures Oman LNG Cargo as Supply Disruptions Strain Gas Market</title>
		<link>https://millichronicle.com/2026/03/63332.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 12:47:01 +0000</pubDate>
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					<description><![CDATA[New Delhi– GAIL (India) Limited has purchased a liquefied natural gas cargo from Oman for delivery next week as India]]></description>
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<p><strong>New Delhi</strong>– GAIL (India) Limited has purchased a liquefied natural gas cargo from Oman for delivery next week as India seeks to meet domestic gas demand amid supply disruptions linked to tensions in the Middle East, three trade sources said on Wednesday.</p>



<p>Two of the sources said the state-run gas distributor bought the prompt cargo through negotiations with a European trader at a fixed price ranging between $17 and $20 per million British thermal units.</p>



<p>The cargo, loaded aboard the vessel Orion Hugo LNG carrier and chartered by Shell, is expected to arrive in India around March 15, according to shipping analytics firm Kpler.</p>



<p>There was no immediate response from GAIL (India) Limited to a request for comment.</p>



<p>India relies heavily on imported liquefied natural gas to meet domestic demand. The country consumes about 195 million standard cubic metres per day of natural gas, roughly half of which is met through imports.</p>



<p>Before recent disruptions, India was receiving about 60 million standard cubic metres per day of gas from the Middle East, according to industry sources.</p>



<p>Supplies have been affected following the closure of the Strait of Hormuz and the declaration of force majeure by Qatar, India’s largest gas supplier, disrupting shipments from the region.</p>



<p>In response, Indian authorities have begun reallocating gas supplies, diverting fuel from non-priority industries to key sectors in an effort to manage the shortfall and stabilise energy availability.</p>
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		<title>India Rations Gas Supplies as Middle East War Disrupts Imports, Restaurants Warn of Closures</title>
		<link>https://millichronicle.com/2026/03/63272.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Tue, 10 Mar 2026 11:51:53 +0000</pubDate>
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					<description><![CDATA[Mumbai, March 10 – India ordered tighter controls on natural gas and cooking gas supplies on Tuesday after import disruptions]]></description>
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<p></p>



<p></p>



<p>Mumbai, March 10 – India ordered tighter controls on natural gas and cooking gas supplies on Tuesday after import disruptions linked to the Middle East war affected shipments through the Strait of Hormuz, prompting warnings from restaurant groups that the curbs could force widespread closures.</p>



<p>The Ministry of Petroleum said the ongoing conflict in the Middle East had disrupted liquefied natural gas (LNG) shipments passing through the Strait of Hormuz, a key energy corridor for global trade. The government said the restrictions were aimed at ensuring equitable distribution of gas supplies and maintaining availability for priority sectors.</p>



<p>India, the world’s most populous country, is the fourth-largest buyer of LNG and the second-largest importer of liquefied petroleum gas (LPG), widely used as cooking fuel in households and commercial kitchens. Much of the country’s LNG and LPG imports originate from Middle Eastern producers.</p>



<p>Under the new directive, LNG supplies will be prioritised for households, the transport sector and LPG production. Other industries including fertiliser plants and tea producers will receive between 70% and 80% of their consumption requirements, subject to operational availability.</p>



<p>To offset the supply shortfall, the government said gas allocations to petrochemical facilities and power plants would be partially or fully curtailed.</p>



<p>Several Indian industries have already reported supply reductions. Ceramics and tile manufacturers said gas curbs could affect production as energy costs and availability tighten.</p>



<p>Restaurant and hospitality groups said a separate order issued on Monday prioritising LPG for domestic households had already begun affecting commercial users.</p>



<p>The National Restaurant Association of India said LPG suppliers across the country had signalled that deliveries to eateries could be halted following the order.</p>



<p>“The restaurant industry is predominantly dependent on commercial LPG for its operations,” the association said in a statement, adding that supply disruptions could trigger widespread closures.</p>



<p>PC Rao, head of a hotel industry association in Bengaluru, said the situation had become critical as stocks ran low across smaller establishments.</p>



<p>“Supply of gas has been hit and many of the smaller establishments only have one to two days of stock left,” Rao told AFP.</p>



<p>Larger restaurants and hotels may have up to about 10 days of reserves remaining, he said, adding that many businesses were considering limiting menus or adjusting operations to manage dwindling supplies.</p>
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