Smart grid technology helps in building platform which has features like two-way communication, control systems, and computer processing.

Officials said the new power contract would begin in July 2022, when its existing contract with Shell expires, and run for 10 years.

U.S. commercial crude oil inventories decreased by 1.7 million barrels from the previous week to 484.3 million barrels.

Global oil deficit is currently seen at around 1 million barrels per day, Russia's deputy prime minister Alexander Novak told reporters on Wednesday.

Asia's spot LNG market is being supported by unprecedented LNG demand from North Asia, especially China, where economic activity has been relatively robust in 2021 on the back of recovery from the pandemic.

The Ust-Luga project is in line with Russia's plans to boost its LNG production capacity to around 140 Mt/year by 2035 and to raise its global LNG market share to 20%.

This will inevitably increase China's demand for natural gas, including LNG, and boost prices for spot LNG cargoes, similar to the demand surge seen in the winter of 2020-21.

US President Joe Biden entered the White House with the pipeline already nearly finished, leaving him with the decision of upsetting Germany or giving a win to Russian President Vladimir Putin.

U.S. commercial crude oil inventories increased by 1.3 million barrels from the previous week to 486.0 million barrels.

Transmission grid firms have presented plans to the regulator to invest up to 102 billion euros ($124.56 billion) up to 2030, of which 55 billion will go into high-voltage networks and 47 billion into local distribution grids.

For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 484.7 million barrels,

“Officials in the Philippines have endorsed a rapid buildout of LNG import infrastructure due to the anticipated depletion of the Malampaya deepwater development, the country’s only domestic source of natural gas, and high GDP growth expected over the next decade,”

Among countries, Russia, China, and Oman would be the top three countries globally for new build and expansion small-scale liquefaction capacity additions by 2025.

Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste.