Wide spreads between the price of LNG in end-user markets in Asia and Europe and feedgas prices based on the US Henry Hub have been incentivizing robust export activity from the US Gulf and Atlantic coasts.

Preliminary production figures for May 2021 show an average daily production of 1 860 000 barrels of oil, NGL and condensate.

Aramco and an international investor consortium, including EIG and Mubadala, today announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.

Aramco President & CEO, Amin H. Nasser, said: “We are very pleased with the global investment community’s response to Aramco’s first international dollar Sukuk, which attracted demand 20 times the initial targeted issuance size.

Of the utility's total LNG sales in May, purchases by power generators surged 79.1% year on year to 1.168 million mt and to retail gas companies for households and businesses rose 17% to 1.147 million mt.

Russian company Technopromexport pledged to invest €12bn (US$14.6bn) in the project.

In Asia, net-zero carbon ambitions will likely require US LNG to arrive in the form of certified low- or carbon-neutral cargoes,

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project).

EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.

A new “Hydrogen Alliance” was launched by the UAE Ministry of Energy and Infrastructure and three of Abu Dhabi’s largest government-backed companies (Mubadala Investment Company, Abu Dhabi National Oil Company, and ADQ) in January 2021

The parties discussed issues related to the implementation of current and prospective projects in Bolivia and the elaboration of a General Scheme for the country’s gas industry development.

The amount of Gazprom’s gas purchased by Serbia increased in 2021, showing a growth of 125.9 per cent in the first five months of 2021 versus the same period of 2020.

The amount of gas delivered by Gazprom to Slovakia reached an all-time high of 8.6 billion cubic meters in 2020 (a 34.6 per cent rise against 2019).

The first five months of 2021 Gazprom’s gas exports to Hungary increased by 14.6 per cent compared to the same period of 2020.

Sechin urged the industry to prepare for oil demand recovery in the wake of the pandemic and said that while new waves of the pandemic may slow down the recovery process, they will not stop it.