2021

Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,

EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.

Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,

The Council of the European Union has approved a regulation creating the €17.5bn Just Transition Fund (JTF).

A new “Hydrogen Alliance” was launched by the UAE Ministry of Energy and Infrastructure and three of Abu Dhabi’s largest government-backed companies (Mubadala Investment Company, Abu Dhabi National Oil Company, and ADQ) in January 2021

China Three Gorges Renewables (75% owned by China Three Gorges Corporation) had a total capacity of 11.9 GW as of September 2020, with 58% of wind, 40% of solar and 2% of small hydro.

The parties discussed issues related to the implementation of current and prospective projects in Bolivia and the elaboration of a General Scheme for the country’s gas industry development.

The amount of Gazprom’s gas purchased by Serbia increased in 2021, showing a growth of 125.9 per cent in the first five months of 2021 versus the same period of 2020.

The amount of gas delivered by Gazprom to Slovakia reached an all-time high of 8.6 billion cubic meters in 2020 (a 34.6 per cent rise against 2019).

The first five months of 2021 Gazprom’s gas exports to Hungary increased by 14.6 per cent compared to the same period of 2020.