Gas Market Bearish but Caution is Advised Until New Supplies Materialize – Rystad Energy Gas and LNG Market Comments
In Asia, after several months’ efforts on restocking, Chinese storages have largely completed their gas injections. Our data indicates Chinese LNG imports dropped more than 50% last week to around 15 cargoes, a number we see staying flat for the current week. Overall regasification facility utilization dropped to below 90% …
Gazprom: Aiming to Expand Liquefied Natural Gas Production for Foreign and Domestic Markets
The Gazprom Management Committee took note of the information about the progress of the projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2021
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2021. In the third quarter 2021, NOVATEK’s hydrocarbon production totaled 149.5 million barrels of oil equivalent (boe), including 19.0 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude …
Shell: Third Quarter 2021 Update Note
The following is an update to the third quarter 2021 outlook. Impacts presented may vary from the actual results and are subject to finalisation of the third quarter 2021 results, published on October 28, 2021. Unless otherwise indicated, all outlook statements exclude identified items. Hurricane Ida in the US Gulf …
Eni Launches the New World Energy Review
Eni has released the 20th edition of its annual energy statistics report. In order to reflect and highlight the ongoing energy transition process, the World Oil, Gas and Renewables Review becomes World Energy Review, a single document that, by tracking the main changes in the energy sector, aims to provide …
Pouyanne Rejects Calls to Halt Upstream Investment
TotalEnergies CEO Patrick Pouyanne warned on Tuesday that prices would “rocket to the roof” by 2030 if the industry heeds calls to stop investing in new upstream oil and gas projects. Speaking at the Energy Intelligence Forum about the recent market turmoil and the accompanying run-up in prices, Pouyanne said …
LNG Binding Producers-Consumers Together in Abruptly Changing Energy Landscape
The unique flexibility of liquefied natural gas (LNG) to deliver natural gas to all corners of the world is saving the day for both producers and consumers in the face of shortages of other energy sources, Secretary General of the Gas Exporting Countries Forum (GECF) said today at the 10th …
Saipem: Presentation of Innovative Gas and Low Carbon Solutions at the Gastech 2021 Edition in Dubai
Saipem presented its most innovative technologies on gas and low carbon during Gastech 2021, the most important international event in the world in the gas sector,which took place in Dubai from 21 to 23 September. The event brought together leaders and experts in the energy sector to talk about topics …
Shell: Second Quarter 2021 Update Note
Strong cash generation supports additional shareholder distributions in the second half of 2021 As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions …
Sakhalin Energy on Its Strategy to Reduce Its Carbon Footprint
The Sakhalin Oblast Government held a round table entitled “Low Carbon Development of Russia: Priorities and Opportunities of the Sakhalin Oblast”. The event brought together representatives of the region’s executive authorities, academia, community and business. In his opening speech, the Minister of Environment of the Sakhalin Oblast, Aleksander Matnenko, stated …