Gas
![Gas](/cache/08-23/lng-9.866feb79.jpg)
2023, August, 4, 06:30:00
RUSSIAN LNG FOR JAPAN
Mitsui joined the Arctic LNG 2 project in 2019 via a subsidiary called Japan Arctic LNG, which secured substantial financial support from state-owned Japan Organization for Metals and Energy Security (JOGMEC) as part of wider Japanese efforts to ensure stable LNG supply and diversify import sources.
![Gas](/cache/07-23/price-161.af365033.jpg)
2023, July, 21, 06:55:00
EUROPEAN GAS PRICES UP
Benchmark futures settled 3.9% higher after another session of sharp price moves. Searing temperatures in parts of the region and global competition for liquefied natural gas continue to provide upward pressure — even as flows from Norway, Europe’s top supplier, return to levels last seen in April.
![Gas](/cache/07-23/price-152.504b19ce.jpg)
2023, July, 14, 06:55:00
OIL PRICES 2023-24: $80 - $84
The Brent crude oil spot price will average $80 per barrel (b) in 4Q23 and $84/b in 2024.
![Gas](/cache/07-23/price-160.4221fc43.jpg)
2023, July, 14, 06:45:00
RUSSIAN ENERGY REVENUES DOWN
The central bank still expects a current account surplus of $47 billion this year and $38 billion in 2024. On Tuesday, it said in a statement that Russia’s worsening trade balance was caused by a decrease in export volumes as well as the decline in prices mainly for energy exports.
![Gas](/cache/07-23/europe-11.4ce99ed2.jpg)
2023, July, 7, 06:35:00
EUROPEAN GREEN ENERGY CRISIS & POLICY
By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).
![Gas](/cache/07-23/russia-53.82451fcf.jpg)
2023, July, 7, 06:30:00
RUSSIA: SENTINEL OF THE GLOBAL BREAD BASKET
Oil-entropy is still ongoing,somewhat of a tug of war developing with a mix of SPR watch outs.At least the volume on the Geopolitics has toned down a bit,maybe on the 'baguette' side of life where protests have been rocking Paris.Taiwan presidential hopeful vows to maintain peace with China.
![Gas](/cache/06-23/russia-52.af8fde1b.jpg)
2023, June, 30, 06:40:00
RUSSIAN GAS WITHOUT EUROPE
In 2021, Russia pumped about 150 billion cubic meters of pipeline gas to Europe — more than enough to satisfy the combined annual consumption of Germany, France and Austria. Europe represented two-thirds of the country’s gas exports including flows of liquified natural gas.
![Gas](/cache/06-23/norway-27.6bac29ad.jpg)
2023, June, 30, 06:25:00
NORWAY OIL GAS PROJECTS $18 BLN
“Norway is the only net exporter of oil and gas in Europe, and by implementing these projects we ensure new production from the latter half of the 2020s, so that we can maintain high Norwegian deliveries,”
![Gas](/cache/06-23/neptun-001.007ebadb.jpg)
2023, June, 30, 06:20:00
ENI ACQUIRE NEPTUN FOR $4.9 BLN
Under the terms of the deal announced on Friday, Eni will acquire Neptune for $2.6bn, while Vår Energi — Eni’s Norwegian listed subsidiary — will acquire the company’s operations in Norway for $2.3bn.
![Gas](/cache/06-23/qatar-1.d6880448.jpg)
2023, June, 23, 06:30:00
QATAR LNG FOR CHINA FOR 27 YEARS
China National Petroleum Corp. signed a 27-year LNG purchase agreement for 4 million tons annually with QatarEnergy on Tuesday.
![Gas](/cache/06-23/romania-01.1f1a35b9.jpg)
2023, June, 23, 06:15:00
ROMANIA'S GAS INVESTMENT $4.4 BLN
The two players intend to invest up to 4 billion euros or almost $4.4 billion for the development phase of the project to be spent mostly during 2024-2026, which will enable about 100 bcm of natural gas to be brought on stream, turning Romania into – what OMV Petrom deems to be – the largest gas producer in the EU and a net natural gas exporter.
![Gas](/cache/06-23/norway-26.9018aa63.jpg)
2023, June, 23, 06:10:00
NORWAY OIL, GAS PRODUCTION 1.991 MBD
Preliminary production figures for May 2023 show an average daily production of 1 991 000 barrels of oil, NGL and condensate.
![Gas](/cache/06-23/usa-66.e542831d.jpg)
2023, June, 23, 06:05:00
TEXAS GAS CONSUMPTION UP
While renewable power generation from wind and solar continues to capture much of the peak power demand in The Electric Reliability Council of Texas, demand for gas-fired cooling is also up.
![Gas](/cache/06-23/price-131.4463a54d.jpg)
2023, June, 9, 06:40:00
OIL PRICES 2023-24: $79 - $84
The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.
![Gas](/cache/05-23/renewable-7.3a23b79e.jpg)
2023, June, 2, 06:45:00
GLOBAL RENEWABLE MADNESS
Wind and solar need to be backed up, close to 100 per cent, by some other means of power generation. If that backup is provided by open-cycle gas or worse, coal, net zero will never be achieved: nor anything very close to it.