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On Sunday, August 29, Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane. As a result of the hurricane, 96% of crude oil production and 94% of natural gas production in the U.S. federally administered areas of the Gulf of Mexico (GOM) were shut in, according to estimates by the U.S. Department of Interior's Bureau of Safety and Environmental Enforcement. At least nine refineries shut down or reduced production. As a result, we reduced our forecast for crude oil production and refinery runs in our September Short-Term Energy Outlook (STEO).

Hurricane Ida disrupted crude oil production and refining activity

Energy Trend

PV Industry Price Trend: End Sector Forces an Incandescence State in Module Prices amidst Apparent Inflation from Upstream Sector

As of January 1, 2021, total U.S. biofuels plant production capacity reached 21 billion gallons per year (gal/y) (or 1.3 million barrels per day [b/d]), as reported by 278 facilities. Fuel ethanol producers accounted for 85% of U.S. total biofuels production capacity, followed by biodiesel producers at 11%, and the remaining 4% by other renewable fuel producers.

EIA releases plant-level U.S. biofuels production capacity data

Mexico cut its forecast for oil production at Pemex next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state company is struggling.

World Oil

Pemex reduces 2022 oil output forecast after platform troubles

The world’s largest listed oil companies will have to cut production by at least 50 per cent over the next decade if the world is to limit global warming to 1.5 degrees as per the Paris climate accord, influential climate think tank Carbon Tracker has warned.

In a new report, the group also claims the oil and gas industry is “still betting against the success of global efforts to tackle climate change”.

Irish Times

Big Oil needs to cut production by 50% to hit climate targets

Oil and gas company Empyrean Energy has hired China Oilfield Services Limited (COSL) to drill the Jade prospect exploration well on Block 29/11, offshore China.

RigZone

Empyrean Hires COSL Rig For Jade Drilling Off China

Brazilian energy giant Petrobras has put up for sale two of its operated fields located in the Santos Basin offshore Brazil.

Petrobras' Santos Basin Field Duo Up For Sale

India’s Oil & Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar with the matter.

India’s ONGC considering Woodside stake in offshore Senegal oil field

Australian upstream firms that hope to develop onshore projects in the Beetaloo or McArthur basins in the Northern Territory (NT) will have to include carbon offset schemes in the project proposal, under new guidelines proposed by the ruling Labor government in the NT.



Argus Media

Australia's NT seeks CO2 offset from upstream projects

On August 30, 2021, the Monday before Labor Day weekend, the U.S. retail price of regular gasoline averaged $3.15 per gallon (gal), an increase of 92 cents/gal (42%) compared with the same time in 2020, according to our Gasoline and Diesel Fuel Update. Pre-Labor Day gasoline prices have increased to their highest levels since 2014.

Pre-Labor Day retail gasoline prices at highest level since 2014

Upstream M&A picked up pace in the first half of 2021. Deal activity recovered to 2019 levels and more than doubled in comparison to the low point in the first half of 2020. North America was the epicentre of the renewal, with 80% of global deal spend attributable to this region. Europe came in at second place. Elsewhere, deal flow increased in all regions except Africa and Latin America.


Wood Mackenzie

Global upstream M&A picks up the pace

OPEC Plus is expected to consider whether to stick with a production increase negotiated in July.

The New York Times

OPEC and other producers will meet to decide oil output.

Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since 2008, and monthly production has recently set new record highs. Production in the region reached 32.5 billion cubic feet per day (Bcf/d) in December 2020, and it averaged 31.9 Bcf/d during the first half of 2021, the highest average for a six-month period since production began in 2008. The Appalachian Basin contains two shale formations, Marcellus and Utica, which accounted for 34% of all U.S. dry natural gas production in 2021. On its own, the Appalachian Basin would have been the third-largest natural gas producer in the world the first half of 2021, behind Russia and the rest of the United States.

Shale natural gas production in the Appalachian Basin sets records in first half of 2021

Despite concern from the Biden administration, this analysis shows that oil demand has generally recovered from pandemic-related declines. High inflation has caused gasoline prices to appear unusually high, but that fact is unlikely to motivate OPEC to deviate from their stated production plan.

Forbes

Why OPEC Won’t Heed Biden’s Calls For More Supply

Oil markets are on watch after Hurricane Ida smashed into the Gulf Coast as a Category 4 storm on Sunday, taking nearly 95 percent of the region’s oil production and refining offline.

Oil Markets Keep A Close Eye On Fallout From Hurricane Ida

Oil prices rose around 1 per cent on Monday after a powerful hurricane ploughed through the Gulf of Mexico, forcing shutdowns and evacuations of hundreds of offshore oil platforms.

The Straits Times

Oil rises as Hurricane Ida pounds US crude patch Louisiana

Some of America's largest oil refineries are on the Gulf coast

Why Hurricane Ida Means Higher Pump Prices For Gasoline

While decisions made at COP26 in Glasgow in November will affect every sector, the potential implications for upstream oil and gas are arguably the most dramatic. Put simply, the remaining value to be extracted from the upstream sector will be defined by decisions made about the pace of the energy transition — and the range of outcomes has never been wider.

COP26: the future of upstream is in governments' hands

As the largest US natural gas assessment, LNG’s future looks good for the mid-term, but the longer term is not as rosy.

Haynesville Shale Resurgence – How Long Will It Last?

Hypocrisy rules as we prepare to host Cop26 and Boris Johnson prepares to approve a new oilfield off Shetland. Just months before hosting the Cop26 climate summit in Glasgow, the UK government will decide whether to approve a massive new oilfield 75 miles north-west of Shetland. Boris Johnson has hinted at a likely go-ahead. The Cambo field, being developed by private-equity-owned Siccar Point and Shell, would produce 170m barrels of oil – oil the world cannot afford to burn. The Cambo decision is the government’s first test since the International Energy Agency (IEA) warned against developing new oil and gas fields. In a landmark report this year, the IEA found that that already-operating fields will produce more oil and gas over the coming decades than can be consumed if global heating is limited to 1.5C. 

The Guardian

How can Britain be committed to net zero when it’s about to drill for millions more barrels of oil? | Greg Muttitt

In 2020, annual production of associated-dissolved natural gas (or associated gas)which is natural gas produced from oil wellsdeclined in the combined five major U.S. onshore crude oil-producing regions for the first time since 2016. The share of associated gas produced in these five regions (Permian, Bakken, Eagle Ford, Niobrara, and Anadarko) declined by 1.5% year over year and averaged 37.7% of natural gas production in the regions. Associated gas production averaged 14.2 billion cubic feet per day (Bcf/d) in 2020 (a 4.1% decline from 2019) amid a 9.2% drop in oil production in these regions.

Associated natural gas production declines in 2020, following three years of growth

Oil and gas drilling is ramping up as demand gains hold on despite a global resurgence of coronavirus infections. That is sweet music to the ears of oil-field services providers who are now preparing for a multi-year upcycle on the back of recovering demand and rising commodity prices.

Oil Services Firms See Brighter Days Ahead As Energy Demand Returns

Intrepid’s use of the Pecos River water became controversial after the company disclosed it planned to sell it to the oil and gas industry.

Mining.com

Court rules Intrepid Potash has no water rights in New Mexico

Wednesday’s decision is a setback for ConocoPhillips’s Willow project, which aims to produce more than 100,000 barrels a day on the National Petroleum Reserve-Alaska.

The Washington Post

Federal judge rejects Trump-era permits for major Alaska oil project

The multibillion-dollar ConocoPhillips plan, known as Willow, was approved under the Trump administration and then legally supported by the Biden administration.

Court Blocks a Vast Alaskan Drilling Project, Citing Climate Dangers

Judge Sharon Gleason wrote that the exclusion of foreign greenhouse gas emissions in an alternatives analysis was "arbitrary and capricious."

Politico

Court orders Biden administration to redo 'legally flawed' reviews of Conoco Alaska oil project

Brownfield investment opportunities are emerging in Nigeria as international oil companies accelerate energy transition strategies and divest non-core assets



Why investors may have Nigerian upstream assets in their sights

The recent contraction of shale production, mixed OPEC+ unity concerns, has made for a volatile oil pricing scenario. Some believe that growing demand will force prices up, while others predict otherwise, citing virus woes, increased shale production and lack of OPEC discipline.

Oil Price Predictions Bank On How Quickly Shale Production Resumes

In our August Short-Term Energy Outlook (STEO), we forecast that total world petroleum production will average 98.9 million barrels per day (b/d) in the second half of 2021 (2H21), down from a forecast of 99.4 million b/d in the July STEO. The change is driven mostly by forecast changes to petroleum production from OPEC and Russia as a result of the most recent OPEC+ agreement.

OPEC petroleum production forecast revised down for 2021

Experts warn of potential for disaster as Exxon pursues 9bn barrels in sensitive marine ecosystem. ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight have found. Exxon has been extracting oil from Liza 1, an ultra-deepwater drilling operation, since 2019 – part of an expansive project spanning more than 6m acres off the coast of Guyana that includes 17 additional prospects in the exploration and preparatory phases. 

Exxon’s oil drilling gamble off Guyana coast ‘poses major environmental risk’

This one was easy to see coming, as President Joe Biden’s request for the OPEC countries to pour more of their own oil onto the global market in order to ease crude oil prices made no real economic sense from the beginning.

OPEC+ Predictably Rejects Biden Plea For More Oil Production

Move would cement the world’s top miner’s exit from the oil and gas industry amid increasing pressure to curb emissions.

BHP closer to exit oil and gas with Woodside merger talks

President Biden should expect his approval rating to fall further after this week’s desperate plea to Saudi Arabia and the rest of the OPEC cartel to raise global oil production to ease rising prices.

An Energy And Political Crisis Of Biden’s Own Making

As recently as 2016, the Port of Houston led the nation in oil exports.

Fracking Has Transformed Port Of Houston From Import To Export Powerhouse

The value of trade moving through Newark will set a record this year, based on my analysis of the most current U.S. Census Bureau data.

Newark’s Most Valuable Import And Export No Longer Sail; They Fly

In 2020, Iran produced less than 2 million barrels per day (b/d) of crude oil, an almost 40-year low in Iran's production levels according to our analysis, which we updated in July. Several factors contributed to Iran's low crude oil production in 2020, including the global economic decline that resulted from the COVID-19 pandemic and international sanctions on Iran's crude oil that limited its crude oil exports.

Iran's crude oil production fell to an almost 40-year low in 2020

PV Industry Price Trend: Low Price Module Resources Accelerated In Reduction amid Comprehensive Inflation in Supply Chain

Texas's Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations. Production increases from the Permian Basin (particularly the Midland Basin), contributed to record U.S. crude oil and natural gas production in 2019. In 2021, as the industry continues to work through issues related to reduced consumption due to the COVID-19 pandemic, natural gas production has returned to average levels faster than crude oil production because of rising natural gas prices and more demand to support U.S. exports from the region.

Texas's Midland Basin accounted for 15% of U.S. crude oil production in 2020

As of August 2, 2021, regular retail gasoline prices in both the Rocky Mountain region (PADD 4) and the West Coast region (PADD 5) have been higher than the national gasoline price average, according to our Gasoline and Diesel Fuel Update. Among other factors, refinery closures in the West Coast and Rocky Mountain regions in the past year have reduced refinery output of gasoline, which in turn has lowered inventories and contributed to higher prices.

Retail gasoline prices rise in the western United States

In 2020 the fastest growing fossil fuel wasn't immune to the energy sector woes brought on by Covid-19.

The U.S. Maintains Its Natural Gas Dominance

PV Industry Price Trend: Midstream and Downstream Suspend Price Reduction and Recover in Demand amidst Continuously Falling Polysilicon Quotations

The most active iron ore futures on the Dalian Commodity Exchange plunged as much as 5.6%, hitting the lowest since May 27.

Iron ore price plunges as Chinese demand softens

Production is expected to begin in the 2024 financial year.

BHP board approves $544 million spend for Shenzi North oil project development

If the price of oil rises further, the firm’s move away from oil and gas output will fuel doubtsBP raises dividend and unveils share buybackIt’s hard to keep up with oil companies’ dividend policies. One minute they’re slashing payments to shareholders in the face of a pandemic that, supposedly, had permanently lowered the outlook for oil prices. The next they’re saying the coast is clear and divis can rise again. Shell last week provided a classic example of this stop-start approach when, having cut by two-thirds last year, it announced a 38% increase. BP offered a less chaotic picture on Tuesday but the basic plot was similar. Last year’s halving of the divi was followed by a 4% increase, rather than the previously flagged zero. 

Future BP dividend hikes will test investor commitment to its green plan

Big Oil companies and others are under tremendous pressure to not just talk about getting to net zero by 2050 or 2040 or whatever distant year they pick, but to make significant investments and take concrete steps along the road to getting there.

Q2 Earnings: Exxon, Shell And BP Are Still Oil Companies

The OPEC-plus deal, which will add 400,000 barrels a day each month until May, will provide the market with much-needed supplies to avoid a significant deficit that would have likely emerged without OPEC-plus action.

Oil Prices Poised To Hit $80 A Barrel

Current levels of rigs and wells drilled in the US shale patch are well below levels needed to sustain current production.
And yet:  production has been sustained. So what’s been the secret?  They’ve been feathering their beds with “DUCs down”: their large inventory of drilled-but-uncompleted wells

“DUCs Down” Has Made Shale’s Post-COVID Bed Softer…so Far

U.S. summer natural gas prices are at their highest levels since 2014. It has been a bullish combination of flat production, a scorching June, and a large storage deficit. We should expect a pullback, however, before this coming winter.

U.S. Natural Gas Prices Flying Through Summer 2021

On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting in August 2021. On July 19, after the new OPEC+ agreement was made public, the price of Brent crude oil fell 7% from the previous day to $69 per barrel (b). Since then, the price of Brent crude oil has been rising, reaching $76/b on July 30.

OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high

As we await second quarter earnings for publicly traded upstream producers, there are several markers and trends that suggest cash flows and profits will swell.

DUC Clock Ticks On Cheap Production: Low-Cost Cash Flow Won’t Last

Oil & Gas | Upstream

Gas stoves can produce air pollution levels indoors that would be illegal outside. I traveled around the developing world for more than a decade seeing and studying first-hand the damage that wood and charcoal do to the lungs of people – mostly women and children – who use it for cooking. Nearly half the world’s population cooks with solid fuels, and I was proud of my work to bring cleaner options and help prevent pneumonia, lung disease and other effects of breathing in smoke on a daily basis. And when I got home from these trips, I would turn on my gas stove to cook meals – never once guessing that the invisible gas piped into my house, and its similarly invisible emissions, were also harmful. 

Your gas stove is leaking air pollution inside your own home. Go electric | Brady Seals

Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline.


Russia Today

Nord Stream 2 in limbo as Germany prepares to decide on key license

Nord Stream 2 is a done deal, which gives Russia more leverage in European energy markets. How will the United States play this hand and how will it impact Ukraine?

Russia’s Nord Stream 2 Is A Fait Accompli. Are The U.S. And Ukraine The Losers?

Experts say effective subsidies for new gas boilers run contrary to government targets on cutting greenhouse gas emissions. Energy bill-payers will be asked to subsidise the installation of tens of thousands of new gas boilers across the UK under government plans, at a time when experts say gas boilers should be urgently phased out. Experts said it was baffling that ministers should be promoting the installation of new fossil fuel boilers, instead of low-carbon dioxide alternatives such as heat pumps. 

Experts condemn plan to install thousands of gas boilers across UK

It’s been a long time coming - far too long from a reputational standpoint - but natural gas producers in Texas and North Dakota are finally making progress worth noting in getting their flaring issue under control.

Frackers In Texas, North Dakota Finally Earn Credit For Addressing Flaring

Members of the consortium running the U.K.'s first hydrogen blended gas project are hailing it as a success. The project, known as HyDeploy, has been running at Keele University, where both university buildings and homes have been heated using hydrogen blended with natural gas.

Tech Xplore

UK trial of hydrogen blended gas regarded a success

Nations are coming to grips with their overdependence on renewables, and reconsidering their closure of nuclear plants

Skyrocketing Natural Gas Prices Create New Opportunity For Nuclear Energy

TrendForce:The Price of PV Industry Chain Report(Sept 13th)

The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia's Federal Customs Service.


Gazprom’s revenue surges 84% on booming gas exports

Whether coming from politicians, ESG insiders, or competing industries, the assertion that natural gas demand is somehow going away, and investments in new supply are thus unwarranted, is demonstrably false. Putin is counting on such Energy Unrealism.

The Obvious Delusion Of ‘No More Natural Gas’

This academically reviewed FactBook by Kearney Energy Transition Institute, “Gas Hydrates,” presents key concepts; the status of exploration and production technologies; the status of research, development, and demonstration (RD&D); and the environmental and safety challenges associated with the potential exploitation of this resource.

Kearney

Taking the heat out of the burning-ice debate.

Taiwan is taking another major step in its move from coal and nuclear with plans to build a 1.1GW combined cycle gas turbine plant powered by re-gasified liquefied natural gas (LNG).



Power Engineering International

Siemens supplying turbines for 1.1GW CCGT plant in Taiwan

Japanese shipping firm NYK Line has started developing ammonia-ready LNG-fuelled vessels with Finnish engineering company Elomatic this month, aiming to use ammonia as a marine fuel alternative to LNG.



Japan’s NYK to develop ammonia-ready LNG-fuelled ships

Australian LNG producers are under pressure on emissions and decommissioning, and Santos wants to tackle both problems in one swoop at Bayu Undan, but it needs everyone to play along.



Boiling Cold

Santos internal analysis: $US1.6B Bayu-Undan carbon storage is low return and high complexity

The government commission is clarifying the number of Russian households that fall under the gasification program, and receives up to 3,000 applications daily for connecting to gas, the government said after a meeting of the gasification headquarters under the leadership of Deputy Prime Minister Alexander Novak.



Russia Business Today 

Novak: We Receive up to 3,000 Applications per Day for Gasification

WA hydrogen minister Alannah MacTiernan believes a viable green hydrogen industry will build community support for the State's economy relying less on gas.



MacTiernan defends WA Government backing gas…for now

or the first time in a long time, U.S. natural gas producers find themselves in a strong price position heading into the fall and not overly concerned about the direction of the weather to come.

For Once, U.S. Gas Producers Aren’t Banking On A Cold Winter

Renews Ltd provides news-focused coverage through unrivalled insights into the inner workings of offshore and onshore wind, wave and tidal power and other generation technologies.

Renews

TotalEnergies inks 1GW Iraq solar deal 

The construction of the Nord Stream 2 gas pipeline is to be completed this week, according to the former head of the project’s major investor, Austrian OMV’s Rainer Seele.


Nord Stream 2 pipe laying to finish this week – former OMV head

TotalEnergies, the Iraqi Ministries for oil and electricity, and the country’s National Investment Commission have signed $10 billion in agreements to develop the country’s electricity supply.



TotalEnergies signs $10bn solar and gas agreement with Iraq

TrendForce:The Price of PV Industry Chain Report(Sept 6th)

Russian state-run energy giant Gazprom has increased output of natural gas by nearly 18% in the first eight months of the current year, compared to the same period a year ago.


Russia’s Gazprom ramps up production as gas exports surge

With passenger numbers growing and time to slash emissions dwindling fast, the industry must tackle urgent stumbling blocks on fuel, frequent flyers and more. Aviation tanked in 2020. The number of people taking flights fell by three quarters compared with 2019 levels and as a result there was a significant drop in greenhouse gas emissions from aviation. But as countries open up and people begin to fly again, aviation is expected to see a slow climb back to previous levels. The industry anticipates a return to 2019 passenger numbers globally by 2023 and to be back on track with previous growth projections within a couple of decades. All this is bad news for the planet. CO2 emissions from the industry are likely to triple by 2050. But if the world is to limit global heating to 1.5C, it needs to have hit net zero CO2 emissions by this time. Aviation is a complicated sector to decarbonise. It has some prickly ingredients: difficult technological solutions, hidden extra climate effects, an association with personal freedoms and a disproportionately wealthy and powerful customer base. Here are just a few of the big hurdles the sector will need to overcome if it is ever to be carbon neutral. 

The six problems aviation must fix to hit net zero

Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more high-sulphur fuel oil (HSFO) than usual to meet increased power demand during summer, analysts and traders said.

Reuters

Asia, Mideast utilities turn to dirtier fuel as LNG prices bite

Eni's deepwater exploration led to the discovery at 3,445 meters (11,300 feet) deep of the field that could contain as many as two billion barrels of oil and 51 million cubic meters of natural gas.

DW News

Ivory Coast: Italian oil giant Eni makes huge offshore discovery

In their ongoing effort to make carbon capture more affordable, researchers at the Department of Energy's Pacific Northwest National Laboratory have developed a method to convert captured carbon dioxide (CO2) into methane, the primary component of natural gas.

Making methane from carbon dioxide: Carbon capture grows more affordable

QLM Technology developed a quantum-enabled gas imaging camera that is expected to help cut methane leaks from the oil and gas industry.

Quantum-enabled camera to help cut methane emissions from oil & gas industry

The energy supplier said it will assess the market outlook in February 2022 before making a final decision on changing direct debit payments to reflect the increase to the SVT



Energy Live News

British Gas to freeze standard tariff direct debits until next year

TotalEnergies has signed a terminal use agreement with Indonesia's state-owned Pertamina to use two of its storage tanks from this year at the 3mn t/yr Arun LNG receiving and regasification terminal in Sumatra's Aceh province.



TotalEnergies to use Indonesia's Arun LNG storage tanks

Three-month nickel on the London Metal Exchange also touched its highest since July 30.

Nickel price soars to record in Shanghai on strong demand, low stocks

BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."


Energy Voice

Indonesia approves BP’s giant CCS scheme for Tangguh LNG

A new natural gas power plant, meant to power the city in an emergency, did not come to the rescue when the storm disabled eight transmission lines.

Hurricane Ida Exposes Grid Weaknesses as New Orleans Goes Dark

In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the decade that followed. Units fired by bituminous coal accounted for the largest share of retired capacity, at 68%.

68% of U.S. coal fleet retirements since 2011 were plants fueled by bituminous coal

The company has worked to commercialize hydrogen-powered electric vehicles for decades, and is making its massive Georgetown plant a fuel cell module hub in North America.

Toyota To Make Fuel Cell Modules For Hydrogen Big Rigs At Kentucky Plant

Indonesian upstream regulator SKK Migas has approved BP’s $2.04 billion plan to develop new gas fields in West Papua that will supply its Tangguh liquefied natural gas (LNG) export project. However, the UK supermajor will likely need Indonesia to finalise regulations around carbon capture, utilisation and storage (CCUS) before any expansion can take place.


BP bags approval for $2bn Tangguh LNG expansion project

The Biden administration and some Democrats are shifting focus to methane, the greenhouse gas second-most responsible for heating the planet.

Scientists say the world urgently needs to cut methane emissions. The politics aren't as simple.

The Papua New Guinea government and U.S. oil major Exxon Mobil Corp (XOM.N) plan to resume talks on the P'nyang natural gas project, nearly two years after their negotiations halted, Exxon confirmed on Monday.

Papua New Guinea resumes talks with Exxon on gas field agreement

Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia's foreign ministry said in a statement on Saturday.

Russia pledges retaliation after new U.S. sanctions

Exports of LNG to China and other countries in southeast Asia may boom for several years, especially if the US demand for natural gas falls as gas-fired power plants in the US are displaced by wind, solar and batteries.

Why LNG Exports From The US Are Off To The Moon

John Fredriksen’s SFL Corporation has landed long-term charters with an undisclosed Asia-based transportation firm for two dual-fuel car carriers designed to use liquified natural gas (LNG).



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