NOVATEK announced the closing of the sale of participation interests in Arctic LNG 2 Project

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America.

Russian and Saudi Arabian companies are considering expanding existing energy cooperation to include new joint oil and gas, petchems and nuclear projects,

U.S. EIA - Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018.

First half production of 37 mmboe was a record for Santos and 32% above the corresponding period.

People living on Australia’s east coast (including the states of Victoria, Queensland, New South Wales, and Tasmania; as well as the Australian Capital Territory and Jervis Bay Territory) are paying well above international prices.

In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.

Russian gas sales on Gazprom Export's Electronic Sales Platform (ESP) surged to another new record high on Wednesday, with a colossal 406 million cu m sold in the latest auction.

The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.

The natural gas pipeline project TurkStream, which will carry Russian gas to Turkey and Europe, as well as Turkey's first nuclear power Akkuyu, currently under construction by the Russian firm Rosatom, are two prominent strategic projects.

Ukraine in January-June 2019 increased transit of natural gas through its gas transportation system (GTS) by 6.1% (by 2.591 billion cubic meters) compared to the same period of 2018, to 45.079 billion cubic meters, according to recent data from JSC Ukrtransgaz.

Demand hit a single-day record high just below 6.4 Bcf/d on July 4 and was estimated at just under that level Monday, data compiled by S&P Global Platts Analytics shows.

A total of 6.43 million mt were exported from Gladstone, up 2% year on year and 8% month on month, and the highest monthly volume since the 6.45 million mt seen in January, GPC figures showed.

Ukraine and Russia have been in dispute over gas issues for years, which escalated after a pro-Russian leader of Ukraine was toppled in 2014.

The head of state-run energy firm Naftogaz, Andriy Kobolev, has said that Ukraine needs to increase its gas reserves by 18% this year to cover its winter needs and to guarantee transit to European consumers.