January 2020

TurkStream, which is laid in the Black Sea, is a link between the gas transmission systems of Russia and Turkey. The gas pipeline has two strings with a combined throughput capacity of 31.5 billion cubic meters. The first string will deliver gas to Turkey, while the second string is intended for gas transit to southern and southeastern Europe through Turkish territory.

Средняя цена нефти марки Urals по итогам января – декабря 2019 года составила $ 63,59 за баррель.

U.S. natural gas exports reached new highs in 2019, driven by LNG exports.

In 2019, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual average price since 2016.

The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.

China Energy Engineering Corporation (CEEC) and China National Nuclear Corporation (CNNC) have entered into a strategic cooperation framework agreement, CEEC has told the Hong Kong Stock Exchange. The document was signed in Beijing on 7 January by Wu Yun, deputy general manager of CEEC, and Li Qingtang, deputy general manager of CNNC.

Canada and the USA have finalised an agreement to collaborate on improving the security of supply chains and ensure the future competitiveness of their critical minerals industries. The announcement follows a June 2019 commitment by the countries' leaders.

solar installations are expected to grow by an additional 142 GW in 2020 – seven times the world’s total solar installations a decade ago.

The worldwide rig count for December 2019 was 2,043, up 1 from the 2,042 counted in November 2019, and down 201 from the 2,244 counted in December 2018.

Brent were up 26 cents, or 0.38%, to $68.53, WTI gained 10 cents, or 0.16%, to $62.80 a barrel.