The Dec. 12 LNG stocks were well above 1.42 million mt held at the end of December last year, as well as the four-year average of 1.71 million mt at the end of that month, according to METI data.

World oil demand is kept unchanged compared to last month’s assessment, showing a growth of 5.7 mb/d in 2021.

Under Russian law, Gazprom is the only company currently permitted to export pipeline gas, but the government has been examining Rosneft's proposal, with a decision expected by March next year.

Iraq's OPEC+ quota rose to 4.193 million b/d last month, from 4.149 million b/d in October, as the coalition continued to raise production caps.

U.S. commercial crude oil inventories decreased by 0.2 million barrels from the previous week to 432.9 million barrels.

Storage facilities are now only 66% full, a level of depletion they would not normally reach until the middle of January in an average winter.

Rosneft and gas giant Gazprom were tasked with coming to an agreement on the implementation of a "pilot" project under which Rosneft would supply 10 Bcm of Russian gas to Europe.

Aramco Gas Pipelines Co. will lease usage rights in its parent company's gas pipelines network and lease them back to Aramco for a 20-year period.

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%).

Power Grid Corporation of India Ltd (PGCIL), through its subsidiary Central Transmission Utility of India (CTU), had earlier filed a petition to execute power transmission infrastructures for up to 18.5 GW of renewables energy zones in southern India

Pembina Pipeline Corp has officially cancelled its US$10bn Jordan Cove LNG terminal in Coos Bay, Oregon (United States) after the company failed to secure state-issued permits and authorizations from various Oregon state agencies.

U.S. commercial crude oil inventories decreased by 0.9 million barrels from the previous week to 433.1 million barrels.

The U.S. and some European opponents of Nord Stream 2 say it will make Europe too reliant on Russian gas, allowing Moscow to expand its political, economic and military influence. But other governments say it is vital to secure energy supplies, as gas prices surge and the threat of power outages looms.

The Company increased its gas exports to the countries beyond the FSU to 171.5 billion cubic meters, which is higher than the figure for the same period of 2020 by 6.6 per cent (or by 10.6 billion cubic meters).

A very cold winter could trigger increased gas demand for heating and power generation at a time when European gas stocks remain well below the average for the time of year and supply from Russia continues to disappoint.