October 2021

In 2018, China became the world's 2nd largest LNG importer in the world behind Japan. LNG imports amounted to 90.5 bcm in 2020 (+12%). Australia is the largest LNG supplier (44%), followed by Qatar (12%) and Malaysia (9%).

The projects were unveiled as part of Rio Tinto’s newly announced plans to spend $US7.5 billion ($A10 billion) slashing its scope 1 and scope 2 emissions by half by 2030.

In November 2020, the Spanish Council of Ministers approved a decree establishing a new regulatory framework for renewable energy auctions, the Economic Renewable Energy Regime (Régimen Económico de Energías Renovables, REER).

Preliminary production figures for September 2021 show an average daily production of 2 022 000 barrels of oil, NGL and condensate.

Brent dropped 64 cents, or 0.8%, to $84.44 a barrel. WTI fell 56 cents to $82.40 a barrel.

Speaking to the conference on 13 October, Putin said, "Russia will take practical action to ensure the carbon neutrality of its economy, and we have set a specific benchmark: no later than 2060."

The United Kingdom pledged to reach net-zero emissions by 2050 in 2019.

Gazprom’s gas supplies to Turkey soared by 125.3% year-on-year between Jan. 1-Oct. 15, the data showed, while exports to Germany and Italy were up 28.2% and 16.3.% from a year ago, respectively.

Iraq's State Oil Marketing Organization, or SOMO, cut November official selling price differentials by 40-50 cents/b across its Asia-bound Basrah crude grades.

Iberdrola undertakes to invest £6bn in the East Anglia Hub offshore wind complex