"Natural gas can make a vital contribution to economic recovery in Germany and Europe – without compromising climate protection targets," Wintershall Dea board member Thilo Wieland said June 29.

This is a record high monthly volume from the US, and made it the largest LPG supplier to China in May. It eclipsed the previous record high monthly import from the US of 475,092 mt in December 2017, historical customs data showed.

AGDC has revised the cost of the project by US$5.5bn,

U.S. Rig Count is down 1 rigs from last week to 265, Canada Rig Count is down 4 rigs from last week to 13

The average spot price of natural gas at the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998,

China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020.

A mild winter and COVID-19 mitigation efforts have led to declining global natural gas demand and high natural gas storage inventories in Europe and Asia, reducing the need for LNG imports.

U.S. Rig Count is down 13 rigs from last week to 266, Canada Rig Count is down 4 rigs from last week to 17

Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.

Crude oil production from the major US onshore regions is forecast to decrease 93,000 b/d month-over-month in June from 7,725 to 7,632 thousand barrels/day, gas production to decrease 693 million cubic feet/day from 81,254 to 80,561 million cubic feet/day .