In October 2020, the country imported 3.24 bcm of natural gas via pipelines, while 795 million cubic meters (mcm) was purchased as liquefied natural gas (LNG), EPDK's data showed. This marked an increase in pipeline gas imports of 36.2% and 2.5% in LNG imports.

North American LNG export developers are hoping sustained high prices will provide incentive to buyers to sign more long-term commercial deals that would enable the developers to sanction new terminal projects in 2021.

The average price of LNG imported by China in November, comprising both term and spot cargoes, was about $6.28/MMBtu on a delivered basis, up 15.3% from about $5.44/MMBtu a month earlier,

State-run oil giant Saudi Aramco is working to determine the exact size and resource volume of the new finds,

China natural gas production should increase by 7% to 186 bcm in 2020.

The demand for natural gas is poised to grow in the long term. By 2040, worldwide gas consumption is expected to rise by 1.3 trillion cubic meters and exceed 5.3 trillion cubic meters.

U.S. Rig Count is up 2 from last week to 348, Canada Rig Count is down 20 from last week to 82

Natural gas futures in Europe and Asia have climbed to their highest levels in more than a year due to a sharp increase in demand late in 2020,

The $40 billion Southern Gas Corridor comprises the 16 Bcm/year BP-operated Shah Deniz 2 field offshore Azerbaijan, the expanded South Caucasus Pipeline via Georgia, the TANAP pipeline in Turkey and the 10 Bcm/year TAP link to Italy.

Preliminary production figures for November 2020 show an average daily production of 2 026 000 barrels of oil, NGL and condensate.