Azerbaijan’s natgas exports up by 28%

13/06/2019 09:04 Natural Gas

news

Azerbaijan’s natural gas exports showed a 28 percent increase year-on-year rising from 8.030 billion standard cubic meters in 2017 to 10.276 billion standard cubic meters in 2018, Trend reports citing OPEC Annual Statistical Bulletin.

The report shows that the country’s marketed production of natural gas has increased from 16.9 billion standard cubic meters in 2017 to 17.88 billion standard cubic meters in 2018, showing a 5.8 percent increase y-o-y.

 

Azerbaijan’s proven natural gas reserves stood at 1.269 trillion standard cubic meters in 2018, remaining unchanged from 2017, according to the OPEC data.

 

Reportedly, Azerbaijan’s natural gas demand has increased by 27.8 percent year-on-year, rising from 9.420 billion standard cubic meters in 2017 to 12.041 billion standard cubic meters in 2018.

Source: trend.az

China-Russia East-Route natural gas pipeline finalized

17/10/2019 14:16:00

This week, construction of the northern section of the China-Russia East-Route natural gas pipeline was finalized in China's Jilin Province. The northern part of the project stretches from the city of Heihe in Heilongjiang Province to Changling County in Jilin Province, with a distance of 1,067 kilometers.

<READ MORE

Australia's Woodside aims to hit go on $11 billion gas project in early 2020

17/10/2019 14:09:00

Woodside Petroleum Ltd has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward plans to sign off on its smaller Scarborough project as it races to fill an anticipated global supply gap.

READ MORE

Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand

17/10/2019 11:38:00

Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.

READ MORE