Russia is threatening to use oil from neighboring Kazakhstan as a weapon against European countries supporting Ukraine. A court order this month to close the export terminal on the Black Sea for a month is a […]
Fossil fuel exports are a key enabler of Russia’s military buildup and brutal aggression against Ukraine. To shed light on who purchases Russia’s oil, gas and coal, and how the volume and value of imports […]
The North Field East LNG project will expand Qatar’s LNG export capacity from the current 77 million tons per annum (mtpa) to 110 mtpa. A $28.75 billion investment, NFE is to start production before the end of […]
by Captain John Konrad (gCaptain) This week, in the wake of the Ocean Shipping Reform Act that President Biden signed into law last month, US Congressmen John Garamendi and Jim Costa introduced new legislation to prioritize US shipping companies […]
Prime Minister Justin Trudeau says Canada is looking at expanding energy infrastructure to help Europe over the “medium term” to transition away from Russian oil and gas. Trudeau, speaking to reporters in Elmau, Germany, at […]
Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as refining capacity outages limit operators’ ability to […]
The volume of long-term LNG contracts signed to end-user markets climbed to a 5-year high in 2021. 10-year LNG contracts are currently priced at ~75% above 2021’s rate. Bloomberg data shows that LNG demand is […]
Flex LNG has secured charters for for Flex Rainbow, Flex Enterprise and Flex Amber LNG carrires, adding $750 million of fixed backlog in total. Flex LNG and the charterer of Flex Enterprise and Flex Amber, an unnamed “supermajor”, […]
Cheap Russian oil is finding its way into more corners of China’s refining industry, with buyers from coastal and inland regions snapping up cargoes that the US and Europe can’t touch. Chinese companies registered in […]
Europe is importing record levels of liquefied natural gas (LNG) this year as it looks to reduce dependence on Russian pipeline gas and fill gas storage ahead of next winter. The European Union and the […]
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