On Tuesday, Moldova received a million cubic meters of gas from Poland in a move aimed at diversifying its energy supply following years of strong Russian influence over the small European nation of 3.5 million people.

"Domestic trucked LNG prices have recently surged to above Yuan 7,000/mt but the terminals continue to limit volumes sold downstream. I think these prices can continue to rise ... Yuan 8,000/mt sounds achievable now,"

Kremlin-controlled Gazprom cut supplies to Moldova by one-third last month following the end of a long-term contract and demanded more than double the previous terms to keep gas flowing.

A meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place today in Ulan-Bator, Mongolia.

Tepid production and strong global LNG export demand have helped to push NYMEX gas futures prices for the coming months beyond $5/MMBtu.

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 426.5 million barrels.

India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.

Non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050.

China's pipeline gas imports have been setting new records in the past three months, and September was the fourth consecutive month-on-month increase since June, the customs data showed.

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%).

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.

Russia has repeatedly said that the early launch of Nord Stream 2 would help ease the current high gas prices in Europe, which have soared in recent weeks on intensifying concerns over winter gas supply amid lower-than-expected Russian deliveries.

World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.

Speaking at Russian Energy Week, Novak also said the Nord Stream 2 pipeline would be ready to begin commercial operations "in the coming days" but that its startup still depended on winning approval from European regulators.

U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.