Gas
![Gas](/cache/05-23/norway-22.73b92559.jpg)
2023, May, 26, 06:25:00
NORWAY OIL, GAS PRODUCTION 2.035 MBD
Preliminary production figures for April 2023 show an average daily production of 2 035 000 barrels of oil, NGL and condensate.
![Gas](/cache/05-23/usa-50.488c8e67.jpg)
2023, May, 5, 17:55:00
U.S. GAS PRODUCTION WILL UP
U.S. natural gas production to increase 15% and liquefied natural gas (LNG) exports to increase 152% between 2022 and 2050.
![Gas](/cache/04-23/gas-001.1559712b.jpg)
2023, April, 7, 07:25:00
GLOBAL GAS CONSUMPTION + 1%
In 2023, global gas consumption is forecasted to increase by around 1% y-o-y,
![Gas](/cache/03-23/russia-turkey-flag.05e0856b.jpg)
2023, March, 31, 08:15:00
RUSSIA,TURKEY STRATEGIC PROJECTS
Both sides expressed satisfaction with the positive dynamic of trade and economic relations, the successful implementation of joint strategic power engineering projects, including gas supplies, and the construction of the Akkuyu Nuclear Power Plant in Türkiye.
![Gas](/cache/03-23/sanctions-001.ecbce3e8.jpg)
2023, March, 31, 08:00:00
RUSSIA, EU BUSINESS & SANCTIONS
The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war.
![Gas](/cache/03-23/europe-8.00b913f1.jpg)
2023, March, 31, 07:50:00
EUROPEAN LNG USABILITY
Europe’s appetite for new LNG projects is pushing the continent to boost its import capacity by one-third, but the mismatch between future LNG demand and import facilities might result in 200-250 billion cubic metres (bcm) of unused capacity by 2030.
![Gas](/cache/03-23/investment-001.2104b517.jpg)
2023, March, 31, 07:45:00
GLOBAL OIL GAS LIMITS $11 TLN
The stricter guidelines come as the outlook darkens for limiting global temperature increases to around 1.5C, with a lack of financing for greener projects a key hurdle.
![Gas](/cache/03-23/europe-9.475dcfac.jpg)
2023, March, 31, 07:40:00
NUCLEAR HYDROGEN FOR EUROPE
Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?
![Gas](/cache/03-23/germany-5.32f4a29a.jpg)
2023, March, 24, 07:30:00
GERMAN GAS CONCERNS
Germany suffered the most among EU member states from the Russian supply curtailments, with a number of buyers forced to buy expensive gas on the open market to make up for the Russian shortfall.
![Gas](/cache/03-23/nord-stream-001.b628541e.jpg)
2023, March, 24, 07:20:00
WHO BLEW UP NORD STREAM
"Every politician knows who blew up Nord Stream, but hypocritically keeps quiet," says Vucic.
![Gas](/cache/03-23/gazprom-3.c6789e37.jpg)
2023, March, 24, 07:10:00
GAZPROM RESERVES UP
A total of 529.2 billion cubic meters of gas were added to natural gas reserves in the course of geological exploration in 2022. This means that gas reserve addition rates have been surpassing gas production rates for as many as 18 consecutive years (with the 2022 production rates standing at 412.6 billion cubic meters of gas).
![Gas](/cache/03-23/norway-17.aba22aca.jpg)
2023, March, 24, 07:00:00
NORWAY OIL, GAS PRODUCTION 1.994 MBD
Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.
![Gas](/cache/03-23/europe-7.426c387e.jpg)
2023, March, 15, 07:10:00
EUROPEAN ENERGY CHANGES
As the EU pushes more broadly to bolster clean energy, it’s also responding to concerns that green industries could emigrate to the US and China, with the price that Europe pays for its energy a driving factor.
![Gas](/cache/03-23/lng-7.53237e4e.jpg)
2023, March, 15, 07:05:00
U.S. LNG EXPORTS WILL UP
U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.
![Gas](/cache/03-23/usa-39.e4b124cb.jpg)
2023, March, 10, 16:50:00
OIL PRICES 2023-24: $84 - $78
The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.