The average LNG price for February delivery into Northeast Asia rose to $48.3 per metric million British thermal units (mmBtu), up $5, or 11.5% from the previous week

U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week to 423.6 million barrels.

Exports had grown substantially in 2021: over the 11 months of this year, Gazprom’s gas deliveries to Turkey were 83.7 per cent higher than in the same period of 2020.

В следующие 10-15 лет мировой рынок сжиженного природного газа будет расти опережающими темпами относительно других рынков энергоносителей.

The operator Nord Stream 2 AG continues the necessary technical preparations for the pipeline ahead of its launch.

According to preliminary data, Gazprom produced 490.4 billion cubic meters of gas between January 1 and December 15, 2021, which is 14.2 per cent (or 61.1 billion cubic meters) more than in the same period of last year.

The Bundesnetzagentur on Nov. 16 suspended the procedure to certify Nord Stream 2 AG as an independent transmission operator while the company transferred assets to the German subsidiary to take over the application.

China’s LNG imports have grown steadily every year since 2006 (when China began importing LNG), except in 2015. In 2017, China became the world’s second-largest LNG importer, surpassing South Korea.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.

Under the agreement, BP will provide SPIC Guangdong Co. with pipeline gas sourced from the LNG receiving terminal of Guangdong Dapeng Liquefied Natural Gas Co.

The programme includes €6.9bn of state funding, and €9.5bn of private investments.

Specifically, the daily amount of gas exports was significantly increased in November and December under the mutually beneficial arrangements between Gazprom and CNPC as compared with the schedule for 2021 that had been approved earlier.

It is unusual for European LNG prices to surpass spot LNG prices in Asia, which relies on LNG imports much more than Europe, and especially in peak winter when demand from Japan, South Korea, China and Taiwan is at its highest, supporting the typical Asian premium.

The Dec. 12 LNG stocks were well above 1.42 million mt held at the end of December last year, as well as the four-year average of 1.71 million mt at the end of that month, according to METI data.

World oil demand is kept unchanged compared to last month’s assessment, showing a growth of 5.7 mb/d in 2021.