Tag Archives: Energy Mix News

The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide. Haseeb Ahmed, oil and gas analyst at GlobalData, commented, “Due to the sharp fall in oil prices, spread between oil-indexed long-term LNG contracts and spot contracts have considerably …

Libya was currently producing around 121,000-123,000 b/d because of the blockade.

Algeria. which produced nearly 2.7 million tonnes of petrol in 2019. had to import this fuel to meet the needs of the national market.

Edison owns an 11% stake in the Reggane Nord gas project and had recently renewed a supply contract running through to 2027.

Barkindo said none of the participants had asked for the time of the meeting to be changed.

The challenge for OPEC+ is the strong supply growth elsewhere in the world.

Any expectations that OPEC and its partners will make deeper cuts to oil production have all but evaporated.

China shocked the market in June 2018 by announcing that it would not issue approvals for any new solar power installations in 2018 and would also cut subsidies.

The oil producer group fully supports the Paris Agreement on climate change.

OPEC and its partners are due to meet next month in Vienna.