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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021
Exxon mulls closure of Norway's Slagen refinery as region's clean fuel shift continues
ExxonMobil is considering closing its 116,000 b/d Slagen refinery in Norway to convert the site into a fuel import terminal, the company said April 8, marking a potential further casualty of Europe's surplus refining capacity as the region's fuel demand shrinks and competition from new markets continues to grow.
read more... 12/04/2021
Lithuanian LNG port looks to supply Poland, Ukraine via new pipe
Klaipeda’s liquefied natural gas (LNG) import terminal operator says its gas could reach Poland, Ukraine and other countries south of Lithuania next year, when a new pipeline comes online.
read more... 09/04/2021
Novatek plans to put up 60% in Arctic LNG 2 as collateral for financing
Russian largest liquefied natural gas producer Novatek said on Monday it plans to put up its 60% stake in Arctic LNG 2 project as collateral for long-term financing of the project.
read more... 06/04/2021
N. Macedonia plans to invest 750 mln euro in Greek LNG terminal, power plant
North Macedonian state-owned companies National Energy Resources (NER) and ESM signed Memoranda of Cooperation (MoC) to invest in a project for the construction of a floating liquefied natural gas (LNG) terminal and a gas-power plant off the coastal city of Alexandroupolis in Greece, the government in Skopje said.
read more... 02/04/2021