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EIA: US, Qatar and Russia provided almost 70% of liquefied natural gas received in Europe in 2021

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In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Rising US LNG exports are the result of both natural gas supply challenges in Europe and the sizable price differences between natural gas produced in the United States and current prices at European trading hubs.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records. MMt in 2021, surpassing the previous record of 5.8

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Oil price tumbles after OPEC releases 2015 forecast

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As a result, the price of Brent crude has plunged more than 40 percent since June. You start to price that in now.”. Almost all the news flow points to a weaker market,” said one oil analyst , Carsten Fritsch of Commerzbank in Frankfurt. “We Abhishek Deshpande, an oil market analyst at Natixis, agreed. And yet on Nov.

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EIA: US became the world’s largest LNG exporter in the first half of 2022

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US LNG exports continued to grow for three reasons: increased LNG export capacity, increased international natural gas and LNG prices, and increased global demand, particularly in Europe. International natural gas and LNG prices hit record highs in the last quarter of 2021 and first half of 2022. billion cubic feet per day (Bcf/d).

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Delta Air Lines signs 75 MGPY for 7 years SAF deal with Gevo; oneworld Alliance members plan to buy 200 MGPY

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Based on current assumptions, including those around future pricing of commodities and the future values of certain environmental benefits, Gevo estimates that the agreement should generate approximately $2.8 Gevo has signed a “take-or-pay” agreement with Delta Air Lines, Inc.

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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The kerosene and diesel will be off-taken by Uzbekneftegaz under a long term off-take agreement at international linked prices; fuel products will be sold mainly to the domestic market, while naphtha will be exported to downstream refiners. The technology used is similar to that of the pioneering ORYX GTL plant in Qatar.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Coal’s market share of 30.3% These shocks pushed energy prices higher in much of the world, with oil prices reaching a record annual average of more than $100 per barrel (bbl) for the first time. Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

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