Gastech 2026 Days III & IV: Deals and dialogues galore

As Gastech 2026 entered its home stretch, alongside the deep dives came news of mega-deals. According to data gathered by various stakeholders and the event's organisers, billions of dollars in energy agreements were seen moving from discussion to delivery in Bangkok. 

By the end of day three, memoranda of understanding, supply agreements and investment commitments with a combined estimated value of $40 billion were either announced or advanced at Gastech.

Among the many deals and MoUs, the four that stood out for this blogger include - (1) China Gas Holdings and Venture Global LNG's 20-year sales and purchase agreement for 0.5 mtpa of US LNG from 2030, (2) GE Vernova and B.Grimm Power's agreements on natural gas-turbine supply and long-term services, aimed at new and existing power-generation capacity in Malaysia and Thailand, (3) PETRONAS, PTTEP JDA and the Malaysia-Thailand Joint Authority's formalisation of a 35-year production-sharing contract and natural gas sales agreement in the Malaysia-Thailand Joint Development Area, delivering new natural gas supply to both countries, and (4) Samsung Heavy Industries' $1.2 billion order for LNG carriers and crude oil tankers, adding to the fleet capacity required to keep global energy trade moving.

As the deals flowed, Gastech's 800-plus speakers - present company included - advanced the event's discourse about the future of energy security, sustainability and affordability. 

A huge part of that is human mobility - the subject of this blogger's final moderating engagement of Gastech 2026 with Pras Ganesh, EVP & CISO, Toyota Motors Asia. 

We discussed the topic - Mobility in motion: What emerging markets teach us about real-world energy transitions. 

As the global energy transition gathers pace, emerging markets across the Global South are charting pragmatic pathways shaped by affordability, access, and rapid demand growth. Nowhere is this more visible than in mobility, where alternative fuels and electrification are unfolding in diverse and often unexpected ways. 

Ganesh explored how these markets are integrating power systems, digital technologies, and investment to support cleaner transport. Drawing on real-world experience across Southeast Asia, he shared his perspectives on how real customer needs are driving innovation, offering lessons for building resilient, inclusive, and economically viable energy systems for mobility.

The Oilholic also took time out for some energy market commentary onsite in interviews with TRT World, Asharq Bloomberg, and Energy Connects, given the situation in the Middle East. 

Elevated geopolitical risks have made the market very jittery to every new security development in the region. It's all making near-term modelling very difficult. Supply-side complications will persist for a while even if the security situation were to ease imminently. 

For yours truly, the latest moving part - disruption to the flow of the Saudi East-West pipeline - remains a big driver of elevated prices as Aramco is/was using it to mitigate the effects export constriction via the Strait of Hormuz. 

Of course, Hormuz, Ukraine-Russia and (currently) Libya are also pushing prices to the upside, while US light sweet crude is keeping a lid on a pricing overshoot to $150/bbl. 

But the global market and refining complex needs a variety of crude oils, and US light sweet crude at Asian hubs can only help so much. More so, with the shipping costs associated with it. Thanks to all the broadcasters who carried one's 'crude' thoughts. 

And as the event neared its conclusion on day four, it was revealed that 50,000-plus attendees from 150 countries, and 800+ exhibitors came to Gastech 2026. Next year, the event will return to the energy capital of the US - Houston. 

And that's a wrap from Bangkok folks! More market musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo I: Gastech 2026, Bangkok, Thailand. Photo II: Energy Analyst Gaurav Sharma (left) with Pras Ganesh, EVP & CISO, Toyota Motors Asia © dmgevents, September 2026. Photo III collage: Energy Analyst Gaurav Sharma speaks on TRT World, Asharq Bloomberg and Energy Connects. © Courtesy TRT World, Asharq Bloomberg and Energy Connects, September 2026.

Releasing Schneider Electric's latest automation research at Gastech

On Tuesday, at Gastech 2026, the Oilholic was delighted to release the latest instalment of Schneider Electric's global automation research on the energy sector that this blogger contributed to. 

The project is part of one's ongoing partnership with Schneider Electric. At the release, the Oilholic was joined by Devan Pillay, President of Schneider’s Heavy Industries Segment (left) and Ryoko Aoyagi, Country President of Schneider Japan (centre). 

The global study suggested that Asia ranks second in current autonomous maturity, just behind GCC, but aims to lead the pack in five years. More details on the findings are available here. Have a read. You feedback, dear readers, is always appreciated. 

More musings to follow soon from Bangkok as Gastech progresses and the energy dialogues advance over the coming days. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo: © Schneider Electric, September 2026.

Gastech 2026 Days I & II: 'Transition fuel' to 'pillar of resilience'

The first two days of Gastech 2026 - which officially runs from September 14 to 17 in Bangkok, Thailand - have flown by with senior energy officials, CEOs and global industry experts finding common ground in regarding natural gas as a "pillar of resilience" for powering up the global economy. 

That's a marked contrast to the covid pandemic years leading up 2023, when renewables were all the rage and natural gas was labelled a "transition fuel." 

The proliferation of datacentres and AI, pivot of nations to a digital future and electrification has brought home the realisation that renewables alone cannot by any stretch of anyone's imagination meet the rising power demand. The perceived abundance of natural gas and rising US LNG exports - that have effectively resulted in a US to Asia LNG corridor - is certainly helping. 

In the words of Akanat Promphan, Thailand’s Minister of Energy, and hosting dignitary for this year's Gastech, energy security is not an isolated challenge that each country can address independently. 

Promphan added in his opening remarks that he is committed to strengthening supply resilience and accelerating energy delivery both at home and across ASEAN predicated on a natural gas a firm part of the regional energy mix.

The region and indeed the world it seems is coming around to that conclusion too. That's as the first of Gastech's 200 sessions spread across 15 programmes got underway. Among them were your's truly's first two engagements. The first of these was a Gastech Energy Talk series discuss with Dr. Harald Link, Chairman of B.Grimm Power. We explored how LNG can strengthen energy resilience and support sustainable economic growth across Thailand and the wider region.

Link offered viewpoints on the role of LNG in a rapidly evolving energy landscape, highlighting the need for energy strategies that balance affordability, reliability and long-term sustainability and "the importance of building a compassionate energy ecosystem" that balances consumer affordability with investment certainty, while strengthening fuel security, system stability and the reliable energy foundation needed for inclusive economic growth.

The Oilholic's second engagement over the first two days was a strategic dialogue with Dr. Poonpat Leesombatpiboon, Secretary General of Energy Regulatory Commission of Thailand, Hasan OZKOC, Secretariat Director, MEDREG - Mediterranean Energy Regulators, and Laura Swett, Chairman, US Federal Energy Regulatory Commission. 

The panel explored how effective regulation can support investment, strengthen resilience and advance the energy transition. In particular, Swett provided good cheer for the market highlighting the potential for US energy resources to support both domestic and international markets.

“America and FERC, working together, can position both the American economy and those of our international allies to expand and grow through the abundance of resources that we have in America," Swett noted. 

"We have more than enough to power our grid and meet exponential demand, but also to support grids all over the world." 

More musings to follow soon from Bangkok as Gastech progresses and the energy dialogues advance over the coming days. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo I: Energy Analyst Gaurav Sharma at Gastech 2026. Photo II: Akanat Promphan, Thailand’s Minister of Energy speaks at Gastech 2026. Photo III: Energy Analyst Gaurav Sharma (left) with with Dr. Harald Link, Chairman, B.Grimm Power. Photo IV: (Left to right) Energy Analyst Gaurav Sharma moderates Gastech 2026 strategic dialogue with Dr. Poonpat Leesombatpiboon, Secretary General, Energy Regulatory Commission of Thailand, Hasan OZKOC, Secretariat Director, MEDREG - Mediterranean Energy Regulators, and Laura Swett, Chairman, US Federal Energy Regulatory Commission. © dmgevents, September 2026.

Gastech 2026 sessions to be hosted by yours truly

The Oilholic is delighted to be back speaking and moderating at Gastech 2026 being held this year in Bangkok, Thailand. One of the world's largest natural gas conference and exhibition of its kind will run here from September 14 to 17. 

Yours truly will be hosting three sessions at the event with distinguished industry leaders from energy sector and its entire value chain. 

Please do join if you can for some fantastic and insightful industry dialogues. Here are the details of the sessions:

Monday, 14 September 2026 | 13:00 - 13:20 ICT 

Empowering the world compassionately: Reimagining LNG’s role and resilience in Thailand2

Strategic Conference - Energy Talk Session 

With:

• Dr. Harald Link, Chairman, B.Grimm Power

Monday, 14 September 2026 | 16:15 - 16:45 ICT

Regulate or stagnate: The policy choices that will define the next decade

Strategic Conference Session - Executive Leadership Panel

With: 

• Dr. Poonpat Leesombatpiboon, Secretary General, Energy Regulatory Commission of Thailand
• Hasan Ozkoc, Secretariat Director, MEDREG
• Laura Swett, Chairman, Federal Energy Regulatory Commission (FERC)

Tuesday, 15 September 2026 | 12:15 - 12:35 ICT

Mobility in motion: What emerging markets teach us about real-world energy transitions

Strategic Conference - Energy Talk Session 

With: 

• Pras Ganesh, EVP & CISO, Toyota Mobility Foundation

More musings to follow soon from Bangkok. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Session details imagery © dmgevents, September 2026.

How much oil is getting through the Strait of Hormuz?

Another week, another round of skirmishes between US Navy and Iran, and another all-too-predictable geopolitical risk premium-driven oil price spike. 

In fact, the Brent front-month futures contract is back lurking around $100 mark on renewed fears of disruption in the Strait of Hormuz. 

For now, many in the market are wondering just how much oil is indeed getting through the strait at the moment. 

However, assessing that is proving pretty tricky. Data aggregators are reporting different numbers of ships now passing through the key maritime artery that Iran disrupted in the wake of the war, and continues to disrupt.

Versus a pre-war volume of 20 million barrels per day, down to near zero at the height of the war (in March and April) and back up in June during a short-lived ceasefire - latest empirical and anecdotal evidence from this blogger's sources puts the volume in the range of 5 to 9 million bpd. 

This is hotly contested, as noted by Kpler, in a blog explaining why figures vary and why its range is 5 to 10 million bpd. Nuances in data gathering aside, vessels also "go dark" switching their trackers off, travel in the dark and in protected convoys near the Oman coastline. 

That protection is near always provided by the US Navy which leaves its government the only source of concrete data. Figures published by it put oil transits at the upper end of the range around 10 million bpd. 

And on September 2, Energy Secretary Chris Wright put the figure above 17 million bpd whilst talking to the media - the highest since the war began. 

In other interviews, including one with Fox News, Wright defended US data quipping: "Why would we lie?" 

That is a fair point, because if the statistics on volumes are fiddled - they will eventually be found out. 

In the meantime, oil prices remain volatile contingent upon the news flow and will likely remain that way for now. Here is the Oilholic's latest Forbes post on the developments and more. Where its all going is anyone's guess. 

Well that's all for the moment folks! Leaving you all with two photos of the Strait of Hormuz (above) taken by this blogger from the Omani coastline some 13 years ago. It was a tad calmer back then. More market musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo I & II: View of the Strait of Hormuz from Khasab, Musandam Peninsula, Oman. © Gaurav Sharma, August, 2013.