imports

Russia to Cut Off Natural Gas Supplies to Poland

Russia to Cut Off Natural Gas Supplies to Poland

Russia intends to cut off natural gas supplies to Poland on Wednesday in an escalation that sent European natural gas prices surging over fears that the Kremlin could take similar steps against other nations.  State-owned Polish Oil and Gas Co. said Tuesday that it received a letter from Gazprom PJSC announcing the complete suspension of…

April 26, 2022
Domestic Crude Production Reaches New 2022 High; Imports Drop

Domestic Crude Production Reaches New 2022 High; Imports Drop

U.S. oil production for the week ended April 15 climbed to 11.9 million b/d, setting a new highpoint for the year, the U.S. Energy Information Administration (EIA) said Wednesday. That marked a 100,000 b/d increase from the prior week and a notable bump from the level maintained through much of the first quarter, EIA’s latest…

April 20, 2022
LNG 101: How Natural Gas Would Be Impacted If Russia Invades Ukraine

LNG 101: How Natural Gas Would Be Impacted If Russia Invades Ukraine

The geopolitical standoff between Russia and Ukraine has deepened turmoil in Europe’s natural gas market and laid bare its dependence on energy imports, but it remains highly unlikely that Russia would halt all natural gas flows or even significantly curb deliveries to the continent. Russia’s Gazprom PJSC “does not need to stop gas to wreak…

February 9, 2022
Braskem Reports Record Ethane Imports into Mexico, Offsetting Reduced Pemex Supply

Braskem Reports Record Ethane Imports into Mexico, Offsetting Reduced Pemex Supply

Braskem SA reported record-high ethane imports during the third quarter to its polyethylene complex in Coatzacoalcos, Mexico, and the figure is set to continue growing. Ethane imports to the Braskem Idesa facility — among the largest petrochemicals plants in Latin America — reached a record 22,400 b/d in September, Braskem management said earlier this month…

November 17, 2021
Europe’s Gate LNG Terminal Adding Import Capacity to Meet Growing Demand

Europe’s Gate LNG Terminal Adding Import Capacity to Meet Growing Demand

The Gate liquefied natural gas (LNG) import terminal in the Netherlands plans to add another 1 billion cubic meters (Bcm) of annual regasification capacity to serve growing demand.  The expansion would boost overall capacity at the facility to 13.5 Bcm annually, or roughly 477 Bcf/year, along with recently announced expansions. The additional send-out capacity is…

October 14, 2021
LNG Demand in Latin America Continues Pulling Spot Cargoes Off the Market

LNG Demand in Latin America Continues Pulling Spot Cargoes Off the Market

Latin American liquefied natural gas (LNG) demand has had a record year in 2021 and it is not letting up, tightening a global gas market that has sent prices spiking around the world. Imports of LNG into Latin America for the first eight months of the year added up to 10.44 million tons, according to…

September 24, 2021
China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources

China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin.  The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl…

August 27, 2021
United States Led Global LNG Exports Higher Through May, IEA Says

United States Led Global LNG Exports Higher Through May, IEA Says

Natural gas consumption continued to increase across the world in May and exports were up to meet demand, according to the International Energy Agency (IEA). IEA in its latest monthly report said gross natural gas consumption increased 7.4% year/year to 125.9 million cubic meters (MMcm) in developed nations, defined as the Organization for Economic Cooperation…

August 12, 2021

Canada Imported Cheaper, Lower Volumes of U.S. Oil Amid Covid Pandemic

The Covid-19 pandemic cut the volume and value of Canadian oil imports from the United States but did not stop the northbound flows, according to the Canada Energy Regulator (CER) and IHS Markit. Canadian imports from the United States fell 20% year/year in 2020, to 550,000 b/d from 693,000 b/d in 2019 before global oil…

August 12, 2021
Repsol Nabs Irving Oil Stakes in Canaport LNG Import Terminal

Repsol Nabs Irving Oil Stakes in Canaport LNG Import Terminal

Spanish energy major Repsol SA is the sole owner of Canada’s only liquefied natural gas (LNG) import terminal after it purchased Irving Oil Ltd.’s share in the project. Repsol, which previously a  held 75% stake in the terminal, added Irving’s 25% interest in the disused Canaport LNG terminal at St. John, New Brunswick. The value…

August 6, 2021
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