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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 report, LNG Trade in 2021: Runaway Recovery , finds that the United States, which was the third-largest LNG exporter behind Australia and Qatar for the full year of 2021, is poised to claim the top spot in 2022. Spot LNG prices have soared past previous records. —Michael Stoppard, chief strategist, global gas, IHS Markit.

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Qatar Airways looking to take up to a 10% stake in alcohol-to-jet company Byogy, along with off-take agreement

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Bloomberg reports that Qatar Airways Ltd. In March, Byogy announced a joint venture with Qatar Airways as well as other partnerships including a feedstock agreement with Brazilian sugar cane ethanol producer Itapecuru Bioenergia and fuel off-take terms with Brazil’s Azul Airways. Chris Schroeder, Qatar Airways Senior.

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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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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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Shell will not move forward with $12.5B US Gulf Coast GTL project

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Despite the ample supplies of natural gas in the area, Shell said it decided that GTL is not a viable option for it in North America at this time, due to the likely development cost of such a project, uncertainties on long-term oil and gas prices and differentials, and Shell’s strict capital discipline.

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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. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Until green hydrogen becomes price competitive, it cannot fulfil its promise.

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Canadas shale boom: more to come in Montney

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A pervasive hydrocarbon system in the Western Canada Sedimentary Basin (WCSB) in Alberta and British Columbia, the Montney is estimated to hold 2,200 trillion cubic feet of gas, almost 29 billion barrels of natural gas liquids and over 136 billion barrels of oil. by James Burgess of Oilprice.com. million per section. Source: [link].

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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. billion vs. $1.6 billion to $3.5)