The TTF day-ahead price hit an all-time high of Eur182.78/MWh on Dec. 21, an increase of 985% year on year,

Moscow plans to build a new pipeline to China, which could give Russia the power to sell gas to the highest bidder, pitting Chinese and European consumers against one another.

Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022

The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.

In 2022, the country is expected to commission 2,950 MW of power capacity and to build 4,632 km of transmission lines.

While US gas production was largely unchanged in the 2020 to 2021 new year, production declines of varying magnitudes and durations were recorded over at least the five new year's prior, dating back to the 2015-2016 winter season.

The country imported 3.862 million mt of LNG in December, down 9.3% from 4.257 million mt a year earlier, customs data showed Jan. 17.

ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to ensure sufficient supply is available, and encourage domestic production.

Efforts to impose sanctions on the Nord Stream 2, an undersea gas pipeline from Russia to Germany that would give Moscow enormous leverage over Europe, have long drawn bipartisan support on Capitol Hill,

The country's total crude imports averaged 10.3 million b/d in 2021, falling 5.4% year on year amid destocking activities.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 413.3 million barrels.

The Henry Hub prompt-month contract soared 60.80 cents to settle at $4.857/MMBtu Jan. 12, which is the highest price for a prompt-month contract since Nov. 26.

National oil company Sinopec expects Chinese natural gas demand to reach 395 Bcm in 2022, up 7% from an estimated 370 Bcm in 2021, according to its research arm, Sinopec Economics & Development Research Institute.

With Russia nearing its maximum capacity and Nigeria, Angola and several other countries struggling to maintain output, OPEC+ sustainable spare capacity will shrink to just 1.2 million b/d by June, lessening the group's ability to offset disruptions.

Over January-November, India's crude imports rose 5.8% year on year to 191.8 million mt, or 4.2 million b/d.