“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.

The British company, whose businesses supply gas and electricity to millions of customers, said the deals would increase the proportion of its assets in electricity to 70% from 60%.

The consortium behind Nord Stream 2 has pushed ahead with construction despite growing political pressure.

LNG exports to Asia increased 67% in 2020 compared with 2019, accounting for almost half, or 3.1 Bcf/d, of all U.S. LNG exports.

Under the carbon-neutral arrangements, Gazprom and Shell in partnership offset the carbon footprint of the cargo with VCS (Verified Carbon Standards) and CCB (Climate, Community and Biodiversity) emission certificates.

The agreement paves the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilizing the LNT A-BOX® LNG cargo containment system.

For 2021, world oil demand is expected at 5.9 mb/d, to stand at 96.3 mb/d.

U.S. commercial crude oil inventories increased by 13.8 million barrels to 498.4 million barrels.

The global demand for natural gas is expected to increase by 1.6%, y-o-y, for the next five years, with the consumption reaching almost 4,200 billion cubic meters (bcm) by 2025, up from 3,800 bcm in 2018.