RUSSIAN GAS FOR PAKISTAN
GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Khawaja Muhammad Asif, Minister of Foreign Affairs of the Islamic Republic of Pakistan, took place in St. Petersburg today.
The parties discussed the prospects for bilateral cooperation, including the potential for supplying LNG from the Gazprom Group's portfolio to Pakistan, as well as collaborating in hydrocarbon exploration and production in the country.
Particular attention at the meeting was paid to the construction project for the Iran – Pakistan – India gas pipeline.
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U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.
ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.
PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.