RBAC Inc., Energy Market Simulation Systems

2023 User Conference Recap

All Roads Lead to Galveston As Gas Market Experts Come Together With Texas’ best November weather, RBAC’s Annual Gas and User Conference took place in Galveston, Texas last week. It was a great follow up and success to last year’s1 in Austin. Everyone was happy to see colleagues and energy industry leaders from across the […]

RBAC Newsletter 2023 Issue 11

The Expanding Presence of Natural Gas and LNG in the Global Market Despite volatility, gas and LNG demand is increasing. Conflicts are increasing volatility and uncertainty. But what is certain is that gas is seen as having a vital role for the future. This month, we are excited to bring you natural gas and LNG […]

The Role of Natural Gas in South Korea’s Miracle Rise

South Korea is now known as a highly developed economy with a hand in a variety of industries such as electronics, automobiles, telecommunications, chemicals, steel, and shipbuilding.1 However, one of the largest economies in the world by GDP was not always such an economic powerhouse. How exactly was South Korea able to rapidly grow their economy […]

A Natural Gas Crisis in Resource-Rich Colombia

Uncertainty Within Colombia Internal debate over how Colombia should approach developing its domestic resources has created uncertainty over the future of not only the industry, but the country’s energy security. Could Colombia face a natural gas crisis in the near future? The short answer is “yes.” Irene Vélez, the then Colombian Minister for Mines announced […]

RBAC Newsletter 2023 Issue 10

Global Gas and LNG Market Advance Despite Volatility The global market has been a center of attention this month as we zeroed in on Africa developing their domestic gas resources, LNG and economic growth in Southeast Asia and Japan, Australian gas supply disruption scenarios, evaluating the global progress towards the energy transition, and how the […]

Africa: The Natural Gas Sleeping Giant

Africa’s Potential Africa is a land full of promise, blessed with abundant resources and huge untapped potential in human capital. And when it comes to natural gas, its gas reserves in 2021 were estimated at 625.6 tcf which is nearly equivalent to that of the United States.1 If Africa can properly develop their natural resources, […]

Potential Effects of Australia LNG Supply Disruption Follow Up

We previously covered the potential effects of strikes at key LNG facilities in Australia and how they would affect global prices as well as how the Asian market would respond.1 Woodside Energy has since been able to come to an agreement with the union representing workers at the North West Shelf facility which will certainly […]

RBAC Newsletter 2023 Issue 9

Fast & Furiously Active Global Gas and LNG Markets Lines were drawn in one area of the world, while trenches dug in another, with the natural gas and LNG market grabbing global headlines, between the EU importing records amounts of LNG from Russia, potential supply disruptions of Australia’s 10% of the global market, emerging economies […]

How can Natural Gas Help Pakistan Emerge Stronger from Past Difficulties?

Pakistan’s Energy History Pakistan first discovered natural gas in the early 1950’s in Balochistan, this discovery later came to be known as the Sui gas field1 which today is the largest gas field in the country. A decade later, they discovered the Toot oilfield2, and since that time the oil and gas industry alongside coal […]