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Peak Natural Gas Demand To Occur Around 2040
One of the world’s largest liquefied natural gas (LNG) exporters, Qatar, expects global natural gas demand to peak at some point around 2040, Bloomberg reported on Monday, quoting a bond prospectus of Qatar Petroleum it had seen.
read more... 29/06/2021
Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
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U.K. Poised to Become Net Energy Exporter to Europe in Near Future
Although the UK currently imports around 7% of its electricity from Europe, the tables are going to be turned soon, partly due to the on-going establishment of new links to the continent. Aiming to quadruple offshore wind capacity this decade, the UK could have excess power to send through those transmission lines. Consequently, the UK could become a net energy exporter to Europe in five years.
read more... 09/06/2021
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Largest LNG vessel ever to load at US terminal departs Cheniere's Sabine Pass
The largest LNG vessel ever to load in the US departed Cheniere Energy's Sabine Pass export terminal in Louisiana on April 29, a company spokeswoman said.
read more... 30/04/2021
Daily (26.04.2021): Crude oil prices gained 1% on Friday due to a halt in Libyan exports
Crude oil prices closed higher on Friday, supported by disruptions in Libyan supply. A state of force majeure on one of the main oil terminals in Libya was declared by the NOC, thus interrupting the country’s exports. As a result, Brent crude increased by 1.1% to $66.11 a barrel and WTI oil rose by 1.2% to $62.14 a barrel.
read more... 26/04/2021