Despite a drive by the European Union to diversify gas supplies and reduce its reliance on Russian imports, Gazprom increased its market share in Europe to 34 percent last year from 31 percent in 2015, posing a challenge to policymakers.

“Today’s action to reapply for the Keystone XL Pipeline’s cross-border permit is an important step forward to building a 21st Century energy infrastructure system across our nation,” said Gerard. “The Keystone XL Pipeline would support tens of thousands of jobs, contribute billions of dollars to our economy, and deliver energy efficiently and safely to consumers.

U.S. Rig Count is up 93 rigs from last year's count of 619, with oil rigs up 68, gas rigs up 24, and miscellaneous rigs up 1. Canadian Rig Count is up 114 rigs from last year's count of 231, with oil rigs up 74 and gas rigs up 40.

Oil demand grows but at a slowing pace; and non-combusted uses replace transport as the main source of demand growth by 2030s

The Tapi pipeline is projected to export up to 33bn m3 of natural gas a year from Turkmenistan to Afghanistan, Pakistan and India over 30 years. It was earlier scheduled to be operational in 2019 but, because of delays in achieving financial closure, the pipeline's first gas flows from Turkmenistan are now scheduled for 2020. The much delayed project was formally inaugurated on December 13, 2015.

"We urge the United States to respect the facts, speak and act cautiously to avoid harming the peace and stability of the South China Sea,"

EIA expects the Henry Hub natural gas spot price to average $3.55 per million British thermal units (MMBtu) in 2017 and $3.73/MMBtu in 2018, both higher than the 2016 average of $2.51/MMBtu. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels.

The tanker is the first of a new class of icebreaking LNG carriers that will open an export route from Siberia to the Pacific — reducing Russia’s dependence on selling gas through pipelines to Europe.

U.S. Rig Count is up 57 rigs from last year's count of 637, with oil rigs up 41, gas rigs up 15, and miscellaneous rigs up 1 Canadian Rig Count is up 92 rigs from last year's count of 250, with oil rigs up 59, gas rigs up 33, and miscellaneous rigs unchanged.

U.S. oil production will up 41 tbd, gas production will up 330 mcfd.