City gas demand is likely to experience rapid growth over the next 10-15 years, driven by consumption growth from heating and the public sector. This growth will be supported by China's growing urbanization and urban gasification, which are expected to exceed 70% within the next decade, up from 59.7% and 50.9% at the end of 2018, respectively.

In June 2019, the Chinese government introduced a subsidy program that established new incentives for production of natural gas from tight formations and extended existing subsidies for production from shale and coalbed methane resources. This subsidy is scheduled to be in effect through 2023. In addition to the changes in the subsidy program, the government allowed foreign companies to operate independently in the country’s oil and natural gas upstream sector.

Russian crude producer Lukoil is in talks with Saudi Aramco on potential joint projects outside Russia and Saudi Arabia, including some in Africa, CEO Vagit Alekperov said Wednesday on the sidelines of the Russia-Africa Summit in Sochi.

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi.

The impact of the dual TurkStream (TS) natural gas pipeline will be significant in changing the region's gas flow patterns

The current 10-year agreement between Gazprom and Naftogaz expires at the end of 2019, and the European Commission is brokering talks aimed at putting in place a new contract to take effect from the start of 2020.

NOVATEK announced that Yamal LNG is no longer considered a “Blocked Person” under the US Department of the Treasury’s Office of Foreign Asset Control or “OFAC” rules.

President Vladimir Putin will host the Russia-Africa Summit in Sochi this week as Russia looks to expand its footprint in Africa.

Europe looks set for more LNG imports in the near term as the TTF and NBP prompt months are due to retain premiums to the JKM spot price amid the rising charter costs to Japan and South Korea, traders say.

The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.

Our exports to external markets – to Europe – in nine and a half months amounted to 152.6 billion cubic meters of gas, which, although 2.5 per cent less than in the record year of 2018, is still a 2.6 per cent improvement over 2017. In addition, Gazprom is going to inject 11.4 billion cubic meters of its own gas into European UGS facilities this year.

U.S. crude oil production reached a new all-time high of 12.4 million barrels per day (mb/d) – and U.S. natural gas liquids production sustained a record 4.8 mb/d – in September,

Global LNG is “clearly a well-supplied market”, but Shell believes that the market dynamics could shift again over the next few years. “We do not use the term oversupply—as all of the LNG being produced is being absorbed,”

China’s Yantai LNG Group is aiming to start up a liquefied natural gas (LNG) import terminal by 2022 and expects government approval for it over the next few weeks

Saudi Aramco and Saudi utilities developer Acwa Power have signed a memorandum of understanding (MoU) with the Bangladesh government to develop a $3bn liquefied natural gas (LNG) terminal and power plant in the South Asian country.