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EIA: US LNG exports grew to record highs in the first half of 2021

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US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. The high prices prompted a higher demand for more flexible LNG supplies, particularly from the United States, according to the EIA.

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GECF: more than a quarter of 2050 natural gas supply untapped

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The two-day Oil and Gas of Turkmenistan 2020 conference was organized by the Government of Turkmenistan and attracted the participation of regional and international energy companies, including CNPC, Dragon Oil, SOCAR, ENI, ARETI, Schlumberger, Hyundai, among others.

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EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

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Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d and from Algeria by 0.2 Bcf/d) lower during 2021 than 2020 because larger volumes of flexible LNG supplies, primarily from the United States, were shipped to Asia and Brazil.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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The development of an international hydrogen market could also accelerate adoption. While matching supply and demand in the most efficient way, the infrastructure is expected to play a central role in supporting the penetration of hydrogen in the energy mix. —Jon Moore, CEO of BNEF. —Snam CEO Marco Alverà.

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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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LNG does contribute to the International Maritime Organisation (IMO) GHG reduction targets. The report analyzes several LNG pathways, including LNG from Algeria, Australia, Qatar, Indonesia, Malaysia, Nigeria, Norway, Trinidad & Tobago and the USA. Moving from current Heavy Fuel Oil (HFO) to LNG does reduce GHG emissions. Others (5%).

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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EIA commissioned Advanced Resources International, Inc. ARI) to conduct the new world shale resource assessment because shale oil production has become a significant source of oil supply within the United States and because more and better geologic information has become available for shale formations located outside the United States. (ARI)

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Opinion: How Much Longer Can OPEC Hold Out?

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OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.