Tag Archives: Platts

Italy’s Eni and the UAE’s Abu Dhabi National Oil Co. have signed a memorandum of understanding to explore collaboration in the development of renewable energy, blue and green hydrogen and carbon, capture and storage amid ADNOC’s plans to hit net zero scope 1 and scope 2 emissions by 2050. The …

Japan and a group of 10 other countries in Asia have agreed to pursue “practical pathways” for carbon neutrality through coordinated steps such as developing hydrogen supply chains and setting decarbonization standards while ensuring energy security. The agreement was reached as the group of 11 partner countries on March 4 …

Japan is concerned that a proposed revision to Australia’s gas security guidelines could undermine LNG trade practice and investments, a senior Japanese government official told S&P Global Commodity Insights Feb. 22, adding that Tokyo will formally submit a response to the Australian government on Feb. 23. “As Japan, we steadily …

Abu Dhabi National Oil Co. made the first LNG delivery from the Middle East to Germany, with the UAE’s national oil company calling it a “milestone.” The delivery of 137,000 cu m of LNG is the commissioning cargo for the Elbehafen floating LNG terminal in Brunsbüttel, ADNOC and utility RWE …

The International Energy Agency has raised its estimate of global oil demand growth for this year by 100,000 b/d to 2 million b/d on the back of a “resurgent” China and an aviation recovery. In its latest monthly oil market report published Feb. 15, the IEA raised its demand growth …

Russian gas company Novatek is open to accepting payments in Indian rupees for any LNG term deal it signs with Indian gas entities, its chairman Leonid Mikhelson said on the sidelines of the Indian Energy Week on Feb. 6. Novatek is in talks with state-owned gas utility GAIL and other …

Saudi energy minister Prince Abdulaziz bin Salman said Feb. 4 the kingdom was waiting for clearer signs of rising oil demand before committing to hike crude production with its OPEC+ counterparts, while also warning that western sanctions on Russia would lead to supply shortages. China’s reopening and encouraging economic data …

Japan signed two sets of cooperation agreements with Saudi Arabia on Dec. 25 in the fields of hydrogen, fuel ammonia and carbon recycling, strengthening the current relationship primarily based on buyer and supplier of crude oil. The cooperation agreements were the latest in Japan’s efforts to develop its large-scale supply …

Crude oil prices were rising for the fourth day in a row today, pushed higher by colder weather in the United States in what has been described as a once-in-a-generation storm. At the time of writing, Brent crude was close to $82.42 per barrel, with West Texas Intermediate at $78.56 …

The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten supplies to Europe in 2023 as some Asian suppliers might opt to sell to other markets, market sources told S&P Global Commodity Insights Dec. 20. The EU’s energy ministers agreed …