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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. Bcf/d nominal (2.1

Russia 199
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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.

San Jose 186
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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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Suncor Energy sells majority of conventional natural gas business in Western Canada for $1B

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Suncor Energy has reached an agreement to sell the conventional portion of its natural gas business in Western Canada for $1 billion to a newly established partnership between Centrica plc and Qatar Petroleum International. Suncor’s view of market access for its oil sands products. Source: Suncor. Click to enlarge.

Canada 225
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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,

Coal 261
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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. We are delighted to be partnering with the CCC to open this new market. Until green hydrogen becomes price competitive, it cannot fulfil its promise. However, the cost is one very large fly in the ointment.

Fusion 170
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components.