The country will allocate DKK16bn (€2.2bn) towards carbon capture and storage subsidies in two phases over the coming decade, starting in 2022.

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.

Derivatives linked to TTF, Europe’s wholesale gas price, soared as high as €131 per megawatt hour

Front-month gas futures fell 4.7 cents, or 1.2%, to settle at $3.747 per million British thermal units (mmBtu), their lowest close since Dec. 7.

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

The MOU, the first such document between Russia and Nicaragua, details a wide range of areas, in particular, raising public awareness about nuclear technologies, the development of Nicaragua’s nuclear infrastructure, and non-energy applications of nuclear energy in industry, agriculture and medicine.

Under Russian law, Gazprom is the only company currently permitted to export pipeline gas, but the government has been examining Rosneft's proposal, with a decision expected by March next year.

Designs for a $10.7 billion green hydrogen and ammonia facility in Western Australia’s Pilbara region have been finalised

Issues covered by the legislation will continue to include nuclear and radiation safety, security arrangements, safeguards and nuclear liability,