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Early Belgian gas switch could speed up Groningen halt
The last Belgian low-calorie gas users could be switched over by the end of 2024, well ahead of the previously expected final switch by the end of 2029, the Belgian energy ministry said in a letter to its Dutch counterpart. This could end exports of low-calorie gas to Belgium — excluding those sent on to France — from the Netherlands by the end of 2024, Dutch economy minister Bas van 't Wout said.
read more... 20/04/2021
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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021
Seven European countries to halt export finance for fossil fuels
Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday.
read more... 14/04/2021
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Russian gas exports to Europe surge 30% in 2021 as harsh winter forces foreign consumers to boost energy purchases
Russian state-run energy giant Gazprom increased shipments of natural gas to Europe by 30.7% in the first quarter of the current year, preliminary data shows.
read more... 05/04/2021
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever. By 2026, the country will once again become the world's largest supplier of liquefied natural gas by overtaking Australia. The signing of the contract was delayed for a year due to economic uncertainty as a direct consequence of the Covid-19 pandemic. With the mega-expansion, the market could be oversupplied for years and the feasibility of other projects that are awaiting their investment decision could be in jeopardy.
read more... 23/02/2021