LNG output jumped by the largest increment ever, 40.9mn t, and grew by the fastest annual rate since 2010, 13pc.

Jiangsu is China’s biggest provincial gas market with consumption growing by 6.3pc in 2019 to 28.7bn m³

"Due to the low LNG prices in 2019, and into 2020 amid a global LNG supply surplus and uncertainties in the trade environment, some of the proposed projects are seeing slower progress towards FID," the report said. "With the additional effect of COVID-19 on stock markets, many companies, including those in the energy industry, are struggling financially, further delaying progress of projects."

U.S. Rig Count is down 64 rigs from last week to 465, Canada Rig Count is down 4 rigs from last week to 26

Energy prices overall (which also include natural gas and coal) are expected to average 40 percent lower in 2020 but see a sizeable rebound in 2021.

It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

U.S. Rig Count is down 73 rigs from last week to 529, Canada Rig Count is down 5 rigs from last week to 30

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

ADNOC has terminated $1.65 billion worth of contracts

Crude oil production from the major US onshore regions is forecast to decrease 183,000 b/d month-over-month in April from 8,709 to 8,526 thousand barrels/day, gas production to decrease 869 million cubic feet/day from 84,027 to 83,158 million cubic feet/day .