Several countries dominate the world’s natural gas supply, with total production reaching around 4 trillion cubic metres in 2019.
The British government outlined an agreement with the fossil fuel industry to move away from extracting oil and gas from waters around the UK.
The Russian oil and gas giant closed the last year with a massive loss – the equivalent of $9.3 billion.
The milestone cargo was loaded on the Arc7 ice-class tanker “Nikolay Zubov” and represented the 685th cargo of LNG dispatched since the first cargo in December 2017.
China is consistently pursuing its energy transition and has just signed a new supply contract for Qatari liquefied natural gas.
Germany and Austria are not the only ones lobbying for the Russian gas pipeline. The Dutch government has also been supportive of the Russians.
PGNiG Upstream Norway will buy all assets on the Norwegian Continental Shelf of the INEOS Group, which includes 22 production licences and an interest in the Nyhamna terminal.
In 2020, the PGNiG Group earned revenue of approximately PLN 39.2bn. Its EBITDA came in at PLN 13bn, EBIT reached PLN 9.59bn, and net profit was PLN 7.34bn.
The forecast shows that global trade in liquefied natural gas (LNG) increased to 360 million tonnes in 2020. This is enough to power 725 million households.
The EU Court of Justice’s advocate has upheld the EU court decision on OPAL, the onshore extension of the Nord Stream pipeline.