Gas
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.
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.
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.
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.
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.
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.
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.
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.
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,
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.
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.
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.
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.
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?
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.