Tuesday, March 31, 2020

Energy Imports News

What Does US-China Trade Deal Mean for Oil Markets?

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After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by $52.4 billion above 2017 levels over the next two years.

U.S. Energy Hits Records in 2018: EIA

Graph: U.S. Energy Information Administration

U.S. energy consumption, production, and exports have reached record highs in 2018, said U.S. Energy Information Administration (EIA).The United States produced a record amount of energy from various sources in 2018…

Natural Gas Liquid Market to Cross 14 mbl/day by 2025

Pic: Gazprom Neft

Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study.Japan natural gas liquid market is projected to surpass an annual consumption of 0.2 mbl/day said the latest…

Philippine Senators Ask Duterte to Disclose China Energy Plan

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Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are…

EU Lawmakers Set Energy Efficiency, Renewables Targets

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European Union lawmakers on Tuesday targeted energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030, in a push to meet the bloc's pledge under the Paris climate accord to curb global…

US Energy Exports to China Plummet

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It's probably not the kind of success U.S. President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies.China's imports of U.S.

Croatia Extends Bidding Deadline Again for Adriatic LNG Terminal

Croatia has again extended a deadline for submitting binding bids for the use of a planned floating liquefied natural gas (LNG) terminal in the northern Adriatic."The deadline has been moved from Sept. 28 to Dec.

Croatia Extends LNG Terminal Gas Bidding Deadline

A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croatia's northern Adriatic island of Krk has been extended until Sept. 28, developers LNG Croatia…

US LNG Projects Buoyed by China Import Talks

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China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing…

Cryptocurrency May Light Up Renewable Energy in Moldova

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Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according…

Poland Cuts Dependence on Russian Oil but at a Cost

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Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher…

Royal Dutch Shell to Resume Deepwater Exploration off Egypt

File Image: Adobestock / © DonvictoriO

Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt's Mediterranean coast, Executive Vice President Sami Iskander told a news conference on Tuesday. Egypt is looking to production…

Asian Oil, Gas Producers Stepping up Activity after Long Lull

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Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been…

U.S. Largest Offshore Oil & Gas Auction set for March

File Image (CREDIT: DNV GL)

The Trump administration on Friday said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest.

Trump Plans to Meet Oil Industry Reps on US Biofuel Policy

President Donald Trump  (Photo: The White House)

U.S. President Donald Trump has agreed to meet with representatives of the oil refining industry and their legislative backers to discuss the nation's biofuels program, according to two sources briefed on the matter.

$800mln Gas Pipeline Proposed as Argentina Preps for Shale Boom

Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina's Vaca Muerta shale fields, a company source said, aiming to address a key barrier to increasing production.

Finland to Introduce Law Next Year Phasing out Coal

Finland will introduce legislation next year to phase out coal and increase carbon taxes, a top government official told Reuters, which would require the country to find alternative energy sources to keep its power system stable.

Naftogaz to Sign Gas Deals with Vattenfall, Trafigura

Ukraine's Naftogaz plans to sign natural gas purchase agreements with Trafigura Trading (Europe) Sarl and Vattenfall Energy Trading GmbH as it expands supply from Europe. Kiev has looked to diversify away…

US Set to Become Energy Exporter by 2026 -EIA

File photo: Port of Houston

The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Administration said on Thursday.

Oil Rises On Weaker Dollar After U.S. Crude Stock Draw

Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week's meeting between OPEC members and Russia to discuss supply.