The plan proposes $100 billion in spending on upgrading and building out the nation's aging and regionally siloed electric transmission system. Various studies have estimated the U.S. will need to double or even triple its electric transmission capacity to successfully decarbonize its economy by midcentury.

U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.

Australian liquefied natural gas (LNG) export earnings are forecast to fall from $48 billion in 2019-20 to $33 billion in 2020-21 due to weaker global prices and demand.

The fresh violence that follows attacks at the turn of the year suggests Mozambique’s armed forces are struggling to regain control of the region surrounding the $20 billion project.

Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on average) as consumption (2.3% per year), according to data from the U.S. Energy Information Administration.

Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on average) as consumption (2.3% per year), according to data from the U.S. Energy Information Administration.

"The government of Mozambique has declared the area within a 25 km perimeter surrounding the Mozambique LNG project as a special security area," Total said in a statement.

U.S. commercial crude oil inventories increased by 1.9 million barrels to 502.7 million barrels.

“It has the potential to undermine the interests of Ukraine, Poland and a number of close partners and allies,” Blinken added, saying that a U.S. law required Washington to impose sanctions on companies participating in the Nord Stream 2 project.

Qatar Petroleum has entered into 10-year LNG Sale and Purchase Agreement (SPA) with Sinopec to supply 2 Mt/year of LNG to China.

GS Energy said it will build a 3 gigawatt LNG-fired power plant in southern Vietnam in a deal estimated at 3.5 trillion won (US$3 billion).

In the last three months of 2020, 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.

U.S. commercial crude oil inventories increased by 2.4 million barrels to 500.8 million barrels.

US crude imports by India stood at 12.69 million mt in 2020, up nearly 29% from a year earlier, helping the country move up to fifth position from sixth in 2019,

Saudi Arabia exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.